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Daily (25.03.2020): Oil rebounds on Tuesday on hopes for a recovery in the U.S. economy
Crude oil futures bounced on Tuesday on hopes that the U.S. unprecedented stimulus package would prop up the coronavirus-battered economy. Consequently, Brent crude for May delivery rose by 12 cents, or 0.4% to settle at $27.15 a barrel.At the same time, the U.S. WTI crude soared by 2.8% to $24.01 a barrel.
read more... 25/03/2020
Daily (23.03.2020): Carbon prices dropped by over 26% on a weekly basis on Friday, due to increased coronavirus concerns
Crude oil futures extended losses on Friday, being on track for their biggest weekly decline in 12 years, on worries about the coronavirus pandemics that slowed down global economies and curbed oil demand. The failure of coordinated output cuts by producers from the OPEC and others including Russia, also put pressure on prices. Hence, Brent crude plunged by 5.2%, to settle at $26.98 a barrel. At the same time, WTI futures tumbled by 10.3% to $22.63 a barrel.
read more... 23/03/2020
Daily (19.03.2019):Crude oil prices at 18-year lows and carbon prices down at 15 euros per tonne on continued coronavirus concerns
Crude oil prices hit 18-year lows on Wednesday, as governments force local lockdowns in response to the coronavirus outbreak, affecting global oil and fuel demand. Brent crudeplunged by 13.4% to $24.88 a barrel. WTI futures traded 24.4% down at $20.37 a barrel.
read more... 19/03/2020
Daily (18.03.2020): Oil prices plummeted below $30 a barrel to reach the lowest level since 2016
Crude oil futures extended losses on Tuesday, falling to the lowest level since 2016 as the coronavirus pandemic threatens to bring the global economy to a deadlock, denting the fuel demand at a time when crude supply is flooding the market. Brent crude fell by $1.32, or 4.4% to settle at $28.73 a barrel on ICE London. U.S. WTI crude plunged by $1.75, or 6% to end at $26.95 a barrel on NYMEX.
read more... 18/03/2020
Daily (16.03.2019): Brent oil traded near 2% higher on Friday, as U.S commits to support weakening economies affected by coronavirus
Crude oil prices recovered on Friday, as the United States and other nations signaled plans to support weakening economies. Brent crude traded 1.9% higher at $33.85 a barrel. In the same context, WTI futures rose by 0.7% to $33.85 a barrel. However, crude prices posted their worst week since the 2008 global financial crisis after the coronavirus epidemics weighed on the global economy. Furthermore, Saudi Arabia and Russia initiated an oil price war.
read more... 16/03/2020