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Daily (02.10.2023): European carbon prices fell by over 1% on Friday amid limited trading activity as the third quarter approached its end
Oil prices edged down on Friday after the surge of recent weeks, dragged down by profit-taking. Thus, Brent crude stabilized at $95.31 a barrel, while WTI crude fell by 1% to end at $90.79 a barrel.
read more... 02/10/2023
Daily (29.09.2023): Forward gas prices extended losses on Thursday amid ample supply and high inventory levels
Oil prices lost ground on Thursday, driven by profit-taking after the previous day's increase. Thus, Brent crude fell by 1.2% to settle at $95.38 a barrel, while WTI crude tumbled by 2% to close at $91.71 a barrel.
read more... 29/09/2023
Daily (28.09.2023): Oil prices hit new highs amid supply constraints and significant inventory drawdown
On Wednesday, oil prices hit new highs, driven by the tightening of global oil supply and a larger-than-anticipated decrease in US crude inventories. As a result, Brent crude soared by 2.8% to settle at $96.55 a barrel, its highest levels in 10 months. Similarly, WTI crude surged by 3.6% to end at $93.68 a barrel, marking its highest level in over a year.
read more... 28/09/2023
Daily (27.09.2023): British gas prices turned bearish on Tuesday amid healthy supply and milder weather forecasts
Crude oil prices continued the slightly but steady rise on Tuesday due to concerns regarding supply-demand crunch. However, macroeconomic fears have limited the upward trend. As a result, Brent crude traded 0.7% higher at $93.96 a barrel. Meanwhile, U.S. WTI crude rose by 0.8% to $90.39 a barrel.
read more... 27/09/2023
Daily (26.09.2023): European power spot prices surged amid a sharp decline in wind output
On Monday, crude oil prices remained relatively stable as the decision to prolong production cuts by Saudi Arabia and Russia was offset by predicted U.S. oil record output in September. Hence, Brent crude traded at $93.29 a barrel. Meanwhile, U.S. WTI crude slipped by 0.4% to $89.68 a barrel.
read more... 26/09/2023