Latest news
Daily (19.01.2024): Oil prices jumped by about 2% on Thursday amid supply tightness fears
On Thursday, oil prices jumped by around 2%, driven by indications of tightening supply and escalating crisis in the Middle East. Market participants noted that an increasing number of ships avoiding the Red Sea were beginning to disrupt flows, adding additional pressure to the market. Thus, Brent crude settled at $79.10, while WTI crude ended at $74.08 per barrel, both contracts marking a 2% daily increase.
read more... 19/01/2024
Daily (17.01.2024): Gas and electricity forward contracts dropped on Tuesday amid comfortable supply levels, despite escalating tensions in the Middle East
Oil prices ended Tuesday with a mixed evolution as investors were cautious due to geopolitical tensions in the Middle East and amid a strong dollar. Hence, Brent crude advanced by about 0.2% to settle at $78.29, while WTI crude remained rather stable to bearish at $72.40 per barrel.
read more... 17/01/2024
Daily (12.01.2024): Carbon prices plunged to a three-week low on Thursday amid profit taking and bearish gas prices
Oil prices rose slightly on Thursday as tensions in the Red Sea outweighed rising stocks in the US. Consequently, Brent crude closed at $77.41, while WTI crude settled at $72.02 per barrel, both contracts rising by about 1%.
read more... 12/01/2024
Daily (22.12.2023): Geopolitical situation driven by Red Sea shipping disruptions boosted forward gas and electricity prices on Thursday
On Thursday, oil prices experienced a decline, influenced by concerns that the demand for oil could be undermined in the coming year by the possibility of an economic recession. Additionally, the downward pressure on prices was exacerbated by Angola's announcement of its withdrawal from the OPEC. As a result, Brent crude closed at $79.39, and WTI crude settled at $73.89 per barrel, both contracts edging around 0.4% lower.
read more... 22/12/2023
Daily (20.12.2023): Forward gas prices fell back on Tuesday as bearish fundamentals outweighed supply risks
Oil prices rose on Tuesday, supported by the risk of attacks on ships in the Red Sea and supply disruptions. Consequently, Brent crude settled at $79.23, and WTI crude closed at $72.47 per barrel, both contracts trading around 2% higher day-on-day.
read more... 20/12/2023