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Daily (02.11.2022): WTI oil price rose following OPEC agreement to cut output by 2 million barrels per day.
Oil prices were volatile on Tuesday, as the market is still processing China's bad economic data. Consequently, Brent crude edged 0.1% lower at $94.65 a barrel. However, WTI oil rose by 2.1% to $88.37 a barrel, following OPEC+ agreement and his allies to cut the output by 2 million barrels per day.
read more... 02/11/2022
Daily (01.11.2022): Energy prices lost ground on Monday due to recession worries, mild weather, high gas storage levels, low demand
Oil prices extended losses on Monday amid weak economic data from China due to widening COVID-19 curbs. Furthermore, a potential rise in US production also put pressure on prices. Thus, Brent crude decreased by 1% to close at $94.83 a barrel. At the same time, WTI crude fell by 1.6% to $86.53 a barrel.
read more... 01/11/2022
Daily (31.10.2022): European carbon prices posted the largest weekly gain in five years on Friday
Oil prices decreased on Friday as result of China expanding its COVID-19 restrictions. Thus, Brent crude settled 1.2% lower at $95.77 a barrel. At the same time, WTI crude fell by 1.3% to $87.90.
read more... 31/10/2022
Daily (28.10.2022): Oil prices extended gains amid increasing US crude exports and rising global demand.
Oil prices surged on Thursday, boosted by increasing US crude exports and rising global demand. Consequently, Brent crude ended at $96.96 a barrel, and WTI oil rose by 1.3% to $89.08 a barrel.
read more... 28/10/2022
Daily (27.10.2022): Oil prices rose on Wednesday amid improving global demand
Oil prices increased on Wednesday amid improving global demand. Consequently, Brent crude rose by 2.3% to settle at $95.69 a barrel, while U.S. WTI crude soared by 3% to $87.91 a barrel.
read more... 27/10/2022