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Daily (01.06.2023): Oil fell on Wednesday on weak China data, stronger U.S. dollar
Oil prices slumped on Wednesday due to disappointing manufacturing data from China and a stronger U.S. dollar. Furthermore, the rise in oil inventories in the US this week by 5.202 million barrels also has weighed on prices. Hence, Brent crude settled at $72.66 a barrel. Meanwhile, WTI crude traded at $68.09 a barrel.
read more... 01/06/2023
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
IEA forecasts global EV sales to surge by 35% in 2023, will acquire 18% share of global car market
Global electric vehicle sales are set to surge by more than a third in 2023 on the back of continued support from government policies across China, Europe and the United States, according the latest Global Electric Vehicle Outlook released by the International Energy Agency on April 26.
read more... 27/04/2023
Daily (25.04.2023): Crude oil prices rose by 1% on Monday amid growing demand in China
Crude oil prices continued to rebound on Monday amid upbeat demand signals from Asia. Bookings made in China for travels overseas for the approaching May Day holiday indicate that travel to Asian nations is still recovering. Hence, Brent crude rose by $1.07, or 1.3%, to settle at $82.73 a barrel. Meanwhile, U.S. WTI crude settled up 89 cents, or 1.1%, to end at $78.76.
read more... 25/04/2023
Daily (20.04.2023): Oil prices fell by almost 2% on fears of a global recession
On Wednesday, crude oil prices experienced a decline, despite signs of improving demand from China. The market continues to fear a global recession, which has contributed to this downward trend. As a result, Brent crude lost 2% and was trading at $83.12 a barrel. WTI Crude also shed 2.1% closing at $79.16 a barrel.
read more... 20/04/2023