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Daily (06.11.2023): European spot electricity prices plunged by 50% on Friday amid mild weather forecasts and stronger wind generation
Oil prices fell by 2.3% on Friday on easing supply disruption fears due to Middle East tensions. Consequently, Brent crude settled at $84.89 per barrel, and WTI crude closed at $80.51 per barrel.
read more... 06/11/2023
Daily (03.11.2023): Oil prices rose by over 2.5% on Thursday following the Fed and BoE interest rate decisions
Oil prices saw an increase on Thursday as market sentiment shifted positively after both the Federal Reserve and the Bank of England chose to halt their interest rate hikes. Consequently, Brent crude climbed by 2.6% to settle at $86.85 a barrel, while WTI crude increased by 2.5% to end at $82.46 a barrel.
read more... 03/11/2023
Daily (02.11.2023): Oil prices retreated on Wednesday after Fed leaves rates steady
Oil prices retreated on Wednesday after the release of the weekly US inventory figures and the Fed meeting. The central bank announced an extension of its pause in interest rate hikes. As a result, Brent crude tumbled by 3.2% to settle at $84.63 per barrel, while WTI crude ended at $80.44 per barrel, down about 1% day-on-day.
read more... 02/11/2023
Daily (01.11.2023): Oil prices fell on Tuesday as economic concerns ahead of the US interest rate decision outweighed supply risks driven by the Middle Eastern conflict
Oil prices fell on Tuesday as economic concerns ahead of the US interest rate decision outweighed supply risks driven by the Middle Eastern conflict. Thus, Brent crude remained rather stable at $87.41 per barrel, and WTI crude dropped by 1.6% to close at $81.02 per barrel.
read more... 01/11/2023
Daily (31.10.2023): European spot electricity prices skyrocketed on Monday due to falling wind output and stronger demand
Oil prices plummeted by over 3% on Monday as economic concerns ahead of the next US interest rate decision this week outweighed supply risks driven by the Middle Eastern conflict. Thus, Brent crude settled at $87.45 a barrel, while WTI crude stood at $82.31 a barrel.
read more... 31/10/2023