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Daily (28.03.2024): Forward gas prices rose on Wednesday amid supply worries due to falling LNG imports
Oil prices weakened on Wednesday, reflecting an unexpected build in U.S. crude inventories, in contrast to analysts' forecasts. As a result, Brent crude retreated by 0.4% to settle slightly above $86 a barrel, while WTI crude settled at $81.35 a barrel, down 0.3% day-on-day.
read more... 28/03/2024
Daily (15.03.2024): Oil prices rose to four-month highs on Thursday amid supply shortage worries
Oil prices increased by about 2% on Thursday, hitting their highest level in four months, boosted by new forecasts from the International Energy Agency (IEA) warning of potential supply shortages until year-end. The EIA report also revealed a notable 5.7-million-barrel decrease in gasoline stocks, the steepest decline since early November. Thus, the Brent crude oil stood at $85.42 a barrel, while WTI crude settled at $81.26 a barrel.
read more... 15/03/2024
Daily (05.03.2024): Gas and carbon prices extended their gains on Monday amid cold weather forecasts and reduced LNG flows
Oil prices retreated on Monday despite recent production cuts extensions declared by the OPEC+ members, as worries about demand outweighed. Consequently, the Brent crude oil fell by 1% to settle at $82.80 a barrel, while WTI crude tumbled by 1.5% to stand at $78.74 a barrel.
read more... 05/03/2024
Daily (29.02.2024): Forecasts of colder weather and reduced Norwegian supply drove the energy complex higher on Wednesday
Oil prices posted mixed evolution on Wednesday, driven by ongoing geopolitical tensions and a 4.2-million-barrel build in US crude inventories. As a result, Brent crude stabilised at $83.68 a barrel, and WTI crude retreated by 0.4% to settle at $78.54 a barrel.
read more... 29/02/2024
Daily (25.01.2024): Supply concerns and forecasts of a colder weather drove the energy complex higher on Wednesday
Oil prices rose by about 1% on Wednesday after the announcement of a massive contraction in US inventories amid the storm that hit the United States. Consequently, Brent crude settled at $80.04, while WTI crude settled at $75.09 per barrel.
read more... 25/01/2024