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Daily (20.10.2023): Oil prices continued their steady rise, surpassing $92 a barrel on Thursday as tensions in the Middle East remain high
Oil prices resumed their rise on Thursday as the ongoing concerns regarding a possible crisis in the Middle East outweighed the potential rise in Venezuelan exports. Thus, Brent crude settled at $92.38 per barrel, while WTI crude ended at $89.37 per barrel, both contracts trading 1% down day-on-day.
read more... 20/10/2023
Daily (17.10.2023): Oil prices drifted lower on Monday amid Venezuela talks and diplomatic efforts to reduce tensions in the Israel-Hamas conflict
Crude oil prices dropped yesterday amid diplomatic efforts to deescalate the Israel-Hamas conflict, while US is pursuing a deal that would ease some sanctions on Venezuelan crude sales. Nonetheless, market volatility persists in the wake of rumors about potential new sanctions on Iranian oil. As a result, Brent crude traded 1.4% lower at $89.65 a barrel. Meanwhile, U.S. WTI crude fell by 1.2% to end at $86.66 a barrel.
read more... 17/10/2023
(Daily 18.05.2022): EUA prices rose by 2.4% after the approval of a higher 2030 reduction target
After hitting seven-week highs on Monday, oil prices fell by 2% on Tuesday as the US could lift certain restrictions on Venezuela's government. Brent crude ended 2% lower at $114.24 a barrel on Tuesday.
read more... 18/05/2022
Daily (02.03.2021): Oil prices fell sharply on Monday amid jitters that OPEC will raise output
Crude oil futures extended losses on Monday amid supply concerns ahead of the OPEC+ key meeting on Thursday, rising output from Venezuela, and weak crude demand from China. Hence, Brent crude settled at $63.69 a barrel, dropping by $2.44, or 3.7%. Meanwhile, U.S. WTI crude fell by 0.86 cents or 1.4%, to end at $60.64 a barrel.
read more... 02/03/2021
Russian state holding gives up control of Rosneft after Venezuela exit
Russia’s state holding company Rosneftegaz has relinquished its controlling stake in the country’s largest oil producer, Rosneft, Rosneft said on Friday, after Rosneft’s exit from Venezuela.
read more... 25/05/2020