Latest news
Daily (26.06.2020): Oil prices rebounded on Thursday after a 5% loss, as U.S. economic data lent support
Crude oil futures edged higher in a volatile session on Thursday, rebounding after a 5% loss in the previous session, with the market oscillating between rather encouraging U.S. economic data and fears on the health front. Hence, Brent crude by rose 74 cents, or 1.8%, to settle at $41.05 a barrel. At the same time, U.S. WTI crude settled 71 cents, or 1.9%, higher at $38.72 per barrel.
read more... 26/06/2020
Daily (25.06.2020): Oil prices fell sharply by over 5% on Wednesday amid surging coronavirus cases and a record increase in U.S. crude stocks
Crude oil futures fell sharply on Wednesday as new coronavirus cases in Germany and across several U.S. states is threatening oil recovery. Moreover, the record increase in U.S. crude inventories added further pressure on oil markets. Hence, Brent crude dived by $2.32, or 5.4%, to settle at $40.31 a barrel. At the same time, U.S. WTI crude ended at $38.01 a barrel, sinking by $2.36, or 5.8%.
read more... 25/06/2020
Daily (24.06.2020): EUAs surpassed the €25- level for the first time in four months on Tuesday amid bullish economic data
Crude oil futures pulled back off the highest levels since before the coronavirus pandemic on Tuesday amid a sharp increase in COVID-19 cases and before the release of a weekly report which is expected to reveal that crude inventories have reached a new all-time high in the United States. However, the reassurance by the U.S. President Donald Trump that the trade agreement with China was “fully intact” limited losses. Hence, Brent crude declined by 45 cents, or 1%, to settle at $42.63 per barrel. At the same time, U.S. WTI crude settled 36 cents, or 0.9%, lower at $40.37 per barrel.
read more... 24/06/2020
Daily (23.06.2020): Crude oil prices soared over 2% on Monday amid easing lockdowns, tighter supplies
Crude oil futures edged higher on Monday amid tightening crude supplies from major producers and as lockdowns eased, but sentiment remained precarious as coronavirus infections continued to accelerate. Hence, Brent crude for August delivery rose by 89 cents, or 2.11%, to settle at $43.08 per barrel. At the same time, U.S. WTI crude for July delivery, which expired at the end of the session, soared by 2.5%, to end at $40.73 a barrel, the highest level since March 6.
read more... 23/06/2020
Daily (22.06.2020): The German Cal'21 power price reached 40€ on Friday for the first time since March amid stronger oil and coal prices
Crude oil futures gained ground on Friday amid encouraging signs of demand recovery as OPEC and its allies are fully committed to cut production. Hence, Brent crude for August delivery rose by 68 cents, or 1.6%, to settle a barrel at $42.19 a barrel. At the same time, U.S. WTI crude for July delivery soared by 91 cents, or 2.3%, to end $39.75 a barrel. For the week, Brent crude rallied by 8.9%, while WTI jumped by 9.6%.
read more... 22/06/2020