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Daily (13.09.2022): Carbon prices rebounded sharply on Monday as the market reacted to an unexpectedly strong auction result
Crude oil prices rebounded on Monday amid growing supply worries as winter approaches. However, the overall global economic concerns about a recession continue to limit the uptrend. Brent crude futures increased by $1.16, or 1.3%, to settle at $94.00 a barrel. U.S. WTI crude rose by 99 cents, or 1.1%, to close at $87.78 a barrel.
read more... 13/09/2022
Daily (18.08.2022): European carbon market soared to six-month high on Wednesday amid limited auction supply and rallying related markets
Crude oil prices rebounded on Wednesday as concerns over rising Russian output and exports as well as recession fears were outweighed by a steeper-than-expected drawdown in U.S. crude stocks. Hence, Brent crude rose by $1.31, or 1.4%, to settle at $93.65 per barrel. U.S. WTI crude increased by $1.58, or 1.8%, to close at $88.11 per barrel.
read more... 18/08/2022
Daily (15.08.2022): European carbon prices climbed to a fresh six-week high on Friday amid reduced auction supply
Crude oil prices declined on Friday amid concerns that supply disruptions in the American Gulf of Mexico would be temporary, while recession worries cast doubt on the prospects for demand. Hence, Brent crude fell by $1.45, or 1.5%, to settle at $98.15 a barrel. U.S. WTI crude dropped by $2.25, or 2.4%, to settle at $92.09 a barrel.
read more... 15/08/2022
Daily (29.07.2022): EUAs soared on Thursday, as the market prepares for a month of tight auctions
Crude oil prices were volatile on Thursday, buoyed by supply concerns ahead of the meeting between OPEC and its allies. However, gains were limited by global economy recession fears. Thus, Brent crude rose by 0.5% to settle at $107.14 a barrel and WTI crude decreased by 0.9% to $96.42 per barrel.
read more... 29/07/2022
Daily (24.05.2022): European carbon prices extended losses to 5-week low on Monday amid weak auctions, uncertainty over reform
Oil prices settled marginally higher on Monday as fears of a future recession competed with the prospect of stronger fuel demand due to the forthcoming summer driving season in the United States and Shanghai's preparations to reopen after a two-month coronavirus quarantine. Hence, Brent crude rose by 87 cents, or 0.7%, to $113.42 a barrel. U.S. WTI crude steadied at $110.29 per barrel.
read more... 24/05/2022