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Daily (24.07.2019): EU carbon prices jumped to their 2006 peak on Tuesday, on supportive bullish signals and an expected heatwave

Crude oil prices added ground on Tuesday, after data showed a much larger-than-expected fall in the U.S. crude stocks. Meanwhile, weaker demand forecasts and the full restart of Libya’s largest oil field reduced gains. Against that backdrop, Brent crude traded 0.9% higher at $63.83 a barrel, while WTI futures closed 1% up, at $56.77 a barrel.

read more... 24/07/2019


Daily (22.07.2019): EU carbon prices jumped by almost 4% on Friday, ahead of an approaching heatwave and bullish technical signals

Oil prices increased on Friday, bolstered by the rising tensions in Iran, after U.S. Navy destroyed an Iranian drone in the Strait of Hormuz. As a result, Brent crude climbed by 0.9% to $62.47 a barrel, while WTI futures inched up by 0.6% to $55.63 a barrel.

read more... 22/07/2019


Daily (16.07.2019): EU carbon prices extended a fresh 11-year high on Monday, boosted by a weakening allowance supply

Crude oil prices decreased on Monday, following mixed Chinese economic data and amid anticipations of a short-term impact of the tropical storm in the Gulf of Mexico on U.S. offshore oil output. A softening in the tensions between the West and Iran added pressure on prices. Consequently, Brent crude edged down by 0.4% to $66.48 a barrel, while WTI futures lost 1.1% to settle at $59.58 a barrel.

read more... 16/07/2019


Daily (05.07.2019): EU carbon prices dropped by around 1.8% on Thursday in a weaker auction

Crude oil prices declined in a thin trading due to a public holiday in the U.S. on Thursday, influenced by a smaller-than-anticipated drop in the U.S. crude inventories. Concerns of a scarce demand stoked by weaker U.S. factory orders and slower business growth in Europe also weighed on prices. However, this week’s decision on the extension of OPEC+ output cuts limited losses. Against that background, Brent crude lost 0.8% to settle at $63.30 a barrel, while WTI futures ended 0.9% lower at $56.80 a barrel.

read more... 05/07/2019


Daily (01.07.2019): Carbon prices fell by around 2.3% on Friday, amid quarter-end profit-making

Crude oil prices were bearish on Friday, as traders awaited the outcome of the meeting of the U.S. President Donald Trump with the Chinese President Xi Jinping. As a result, WTI futures settled 1.6% lower at $58.47 a barrel, while Brent crude remained flat at $66.55 a barrel. However, expectations for a prolongation of crude output cuts by OPEC members and their allies at their meetings on July 1-2 limited losses.

read more... 01/07/2019