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Daily (19.02.2019): EU carbon prices declined by 2% on Monday, tracking bearish gas markets

Supply cuts led by the OPEC and Russia have boosted oil prices on Monday. However, gains were limited by the announcement of weak car sales data in China. Brent crude edged 0.4% higher at 66.50 USD/bbl, whereas WTI futures rose by 0.9% to 56.06 USD/bbl

read more... 19/02/2019

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Daily (15.02.2019): EU carbon prices slumped by around 6% to hit again a 2-month low on Thursday

Oil prices surged on Thursday, backed by OPEC-led supply cuts and expectations for a potential end to the U.S.-China trade talks. Brent oil extended a three-day winning streak, posting a 1.5% daily gain to settle at $64.57 a barrel. WTI crude rose less, by nearly 1% to $54.41 a barrel, as gains were limited by the lowest U.S. retail spending data since 2009 which raised worries over slower global economic growth.

read more... 15/02/2019

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Daily (13.02.2019): EU carbon prices fell by over 7% to hit a new 2019 low

Oil prices reversed trend to hike on Tuesday, stimulated by the steep OPEC supply cuts, led by Saudi Arabia’s biggest drop in pumping activity. Brent oil traded 1.5% higher at $62.42 a barrel, while WTI crude increased by 1.3% to $53.10 a barrel.

read more... 13/02/2019

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Daily (12.02.2019): European power prices for 2020 delivery tumbled on Monday tracking weaker coal and carbon markets

Uncertainty about the restart of the trade talks between U.S. and China outweighed the support from OPEC-led supply cuts on Monday. A strengthening dollar put more pressure on prices. Consequently, oil prices retreated, with Brent oil trading nearly 1% down at $61.51 a barrel. WTI futures edged 0.6% lower at $52.41 a barrel.

read more... 12/02/2019

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Daily (07.02.2019): EU carbon prices surged by over 2% on Wednesday, buoyed by rising power prices and a gap in the auction calendar

Wednesday saw slight gains in oil prices due to a strong U.S. demand for distillate products and a prevailing shortage in the global crude supply. However, gains were capped amidst a stronger U.S. dollar and persisting concerns over a global economic slowdown. Brent crude was up 1.2% at 62.69 USD/bbl, while WTI crude rose by 0.7% to close at 54.01 USD/bbl.

read more... 07/02/2019

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