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Daily (22.12.2022): German front-year power price hit a six-month low on Wednesday amid milder weather, bearish gas
Crude oil prices rebounded on Wednesday after data showed a larger-than-expected draw in U.S. crude stockpiles, but gains were limited by a snowstorm that is expected to disrupt travel in the United States. Hence, Brent crude rose by $2.21, or 2.76%, to settle at $82.20 a barrel, while U.S. West Texas Intermediate (WTI) crude increased by $2.06, or 2.7%, to end at $78.29.
read more... 22/12/2022
Daily (15.12.2022): European carbon prices extended losses on Wednesday amid expiring contracts
Crude oil prices rebounded on Wednesday following forecasts from OPEC and the International Energy Agency (IEA) of a rebound in demand over the next year, and as US interest rate hikes are expected to ease further alongside slowing inflation. Brent crude increased by $2.02, or 2.4%, to $82.70 per barrel, while U.S. WTI crude rose by $1.94 to $77.28 a barrel.
read more... 15/12/2022
Daily (13.12.2022): European carbon prices jumped to a 3.5-month high as traders await trilogue outcomes and position for options expiry
Crude oil prices rebounded on Monday amid the uncertainty about the restart of the Keystone Pipeline in North America following a leak and as the market prepares for possible curbs in Russian oil production. Hence, Brent crude increased by 2.5% to $77.99 a barrel. U.S. WTI crude settled at $73.17 a barrel, rising by 3%.
read more... 13/12/2022
Daily (23.09.2022): Crude oil prices rebounded on Thursday amid strengthening Chinese demand
Crude oil prices rebounded on Thursday amid strengthening Chinese demand and a smaller-than-expected rate hike by the Bank of England, which instead of forecasts for a 75-basis point hike opted for a 50-bp increase. Thus, Brent crude and WTI crude added 0.7% to settle at $90.46 a barrel and $83.49 per barrel respectively.
read more... 23/09/2022
Daily (14.09.2022): Oil prices retreated on Tuesday, as concerns about the state of the global economy continue to dominate on the market
Crude oil prices declined, snapping a three-day rebound on Tuesday as U.S. consumer prices unexpectedly rose in August. Hence, Brent crude for November delivery settled 0.9% lower at $93.17 a barrel. U.S. WTI crude for October delivery lost 0.5%, to end at $87.31 a barrel.
read more... 14/09/2022