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Daily (17.05.2023): European carbon prices rose by 2% on Tuesday as the market anticipated a shortage of supply for the remainder of the week
Oil prices edged lower on Tuesday as a slow recovery in China, a stronger dollar and uncertainty about the global economy weighed on prices. Thus, Brent crude traded 0.4% lower to settle at $74.91 a barrel. WTI crude settled at $70.86 a barrel.
read more... 17/05/2023
Daily (16.05.2023): European Cal24 power prices fell on Monday amid an overall bearish energy complex
Crude oil prices rebounded on Monday as tightening supplies offset concerns over the US economy, including the standoff on the looming debt-ceiling deadline. Hence, Brent crude rose by $1.06, or 1.4% to settle at $75.23 a barrel. U.S. WTI crude settled at $71.11 a barrel, up $1.07, or 1.5%.
read more... 16/05/2023
Daily (15.05.2023): Crude oil prices declined by 1% on Friday amid economic gloom
Crude oil prices retreated on Friday, heading for a fourth consecutive weekly loss as the debt-ceiling impasse in Washington and broader economic concerns continued to weigh. Hence, Brent crude declined by 1% to settle at $74.17 a barrel. Meanwhile, U.S. WTI crude fell by 1.2% to end at $70.04 a barrel.
read more... 15/05/2023
Daily (12.05.2023): Oil prices dropped by about 2% on Thursday, undermined by the prospect of renewed Iraqi Kurdish oil exports to Turkey
Oil prices continued losing ground on Thursday, weighed down by the prospect of resumption of Iraqi Kurdish oil exports to Turkey, as well as by a worrying macroeconomic outlook. Thus, Brent crude declined by about 2% to settle at $74.98 a barrel. WTI crude dropped by around 2.3% to $70.87 a barrel.
read more... 12/05/2023
Daily (11.05.2023): Oil prices retreated on Wednesday amid an unexpected increase in U.S. commercial crude oil reserves
Oil prices retreated on Wednesday on the back of an unexpected increase in U.S. commercial crude oil reserves. The impasse over the U.S. debt ceiling also began to worry markets, further weighing on prices. Thus, Brent crude lost 1.3% to settle at $76.41 a barrel. WTI crude dropped by around 1.6% to $72.56 a barrel.
read more... 11/05/2023