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Daily (24.05.2023): Crude oil prices rose by 1% on Tuesday amid concerns over tightening supply
Crude oil prices extended gains on Tuesday amid expected weak gasoline market and after Saudi energy minister warned about increased prospect of further OPEC+ outputs cuts. Hence, Brent crude ended at $76.84 a barrel, posting an 1.2% rise. Meanwhile, WTI crude rose by 1.2% to close at $72.9 a barrel.
read more... 24/05/2023
Daily (23.05.2023): European spot electricity prices rocketed by around 50% on Monday amid expectations of lower wind energy generation
Brent crude increased by 0.5% to $75.99 a barrel on Monday as oil demand is expected to rise in the second half of the year and amid declining supplies from Canada and OPEC+. WTI crude traded 0.7% higher at $72.1 a barrel.
read more... 23/05/2023
Daily (22.05.2023): Germany and France spot power prices fell by about 40% on Friday amid higher renewables
Brent crude slipped by 0.3% to $75.58 a barrel on Friday, pressured by stronger dollar and official EIA data, which showed an increase in US crude stocks. Meanwhile, WTI crude traded 0.4% lower at $71.55 a barrel.
read more... 22/05/2023
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Daily (19.05.2023): European carbon prices soared to a two-week high, supported by consistent purchasing in a thin market
Oil prices retreated on Thursday after Wednesday’s surge, as a stronger dollar weighed on prices. Hence, Brent crude declined by 1.4% to settle at $75.86 a barrel, while WTI crude traded 1.3% lower at $71.86 a barrel.
read more... 19/05/2023
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Daily (18.05.2023): Oil prices soared by 3% on Wednesday, spurred by an acceleration in U.S. refinery activity and positive statements regarding the U.S. debt ceiling
Oil prices soared by 3% on Wednesday, spurred by an acceleration in U.S. refinery activity and positive statements regarding the U.S. debt ceiling. Hence, Brent crude settled at $76.96 a barrel, while WTI crude ended at $72.83 a barrel.
read more... 18/05/2023