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Daily (10.09.2021): Gas markets extended record highs on Thursday, due to persisting supply concerns ahead of winter season
Oil prices fell on Thursday, following the announcement that China started using its internal strategic crude reserves in order to counteract the rising energy prices. Despite a drop in US crude and gasoline stocks, Brent oil lost 1.6% to end at $71.45 a barrel. WTI crude closed 1.7% lower at $68.14 a barrel.
read more... 10/09/2021
Daily (02.09.2021): European carbon prices lost 1% on Wednesday, tracking a bearish energy complex
Crude oil prices diverged on Wednesday. The Brent benchmark lost nearly 2% at $71.59 a barrel, as OPEC+ members confirmed their strategy of increasing production by 400.000 bpd in October. WTI oil edged higher, as a weekly decrease in US crude stocks limited losses. As such, WTI edged 0.1% higher at $68.59 a barrel.
read more... 02/09/2021
Daily (19.08.2021): Oil prices lost more than 1% on Wednesday, following an increase in US gasoline stocks
Crude oil prices weakened on Wednesday, weighed by an increase in US weekly gasoline stocks, as indicated by the EIA. Despite a decline in US crude reserves, Brent oil fell by 1.2% to $68.23 a barrel and WTI crude ended 1.7% lower at $65.46 a barrel.
read more... 19/08/2021
Global markets sink on resurgent virus fears
World stocks and oil prices sank Monday as the spreading Delta variant of Covid-19 fueled fears of a faltering economic recovery, while the OPEC+ alliance agreed to hike output.
read more... 20/07/2021
Daily (16.07.2021): Crude oil prices extended losses on Thursday on expectations for increased supplies
Crude oil prices continued to fall on Thursday on expectation for an increase in supply after Reuters reported that Saudi Arabia and the United Arab Emirates (UAE) had reached a compromise deal. Moreover, U.S. fuel stocks rose, providing additional pressure to prices. As such, Brent crude fell by 1.7% to settle at $73.47 a barrel. The American WTI shed by 2% to end at 71.65 p/therm.
read more... 16/07/2021