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Daily (02.05.2024): Gas and carbon prices lost ground on Wednesday, driven by light trading and muted demand due to bank holiday
Oil prices experienced a significant decline on Wednesday due to various signs indicating subdued demand, especially with the upcoming US travel season. Consequently, Brent crude tumbled by 5% to settle at $83.44 per barrel, and WTI crude dropped by 3.6% to close at $79 per barrel.
read more... 02/05/2024
Daily (30.04.2024): Crude oil prices fell by 1% on Monday amid renewed hopes of a truce in Gaza
Oil prices declined on Monday, influenced by easing geopolitical tensions amid renewed optimism for a ceasefire in the Gaza Strip, potentially tied to potential hostage releases. Hence, Brent crude decreased by 1%, reaching $88.4 per barrel, and WTI crude similarly dropped by 1%, to settle at $82.63 per barrel.
read more... 30/04/2024
Daily (29.04.2024): European carbon prices declined on Friday, dampened by bearish gas prices and profit-taking
Oil prices rose for a second consecutive session on Friday, driven by traders hedging their positions in anticipation of potential geopolitical events in the Middle East over the weekend. As a result, Brent crude increased by 0.5% to close at $89.5 per barrel, and WTI crude edged 0.3% up to settle at $83.85 per barrel.
read more... 29/04/2024
Daily (26.04.2024): European near-term gas and power prices surged on Thursday as reduced Norwegian flows and colder weather boosted demand
Oil prices posted modest gains on Thursday, supported by intensifying Middle East tensions. However, a pessimistic global demand outlook capped gain. Thus, Brent crude rose by 1.1% to settle slightly above $89 a barrel, while WTI crude edged 1% higher at $83.57 a barrel.
read more... 26/04/2024
Daily (25.04.2024): European carbon prices rose on as Commitment of Traders' data failed to boost sentiment
Oil prices closed lower on Wednesday, pressured by weak gasoline demand in the US and a decrease in geopolitical risk premium. However, an unexpected decline in US crude inventories helped mitigate these losses by providing some support to the market. Consequently, Brent crude fell by 0.5% to settle slightly above $88 a barrel, while WTI crude reached $82.81 a barrel, falling by 0.7% day-on-day.
read more... 25/04/2024