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Daily (19.10.2022): British gas prices fell on Tuesday amid healthy storage, solid volumes of LNG
Crude oil prices lost ground on Tuesday as energy traders expect the Biden administration to remain aggressive with further releases from its strategic oil reserves. Economic slowdown and lower Chinese fuel demand put additional bearish pressure. Hence, Brent crude decreased by $1.59, or 1.7%, to settle at $90.03 a barrel. U.S. WTI crude dropped by $2.64, or 3.1%, to end at $82.82 a barrel.
read more... 19/10/2022
Daily (18.10.2022): European carbon prices declined ahead this week's European Council discussion on possible EU ETS changes
Oil prices remained stable on Monday as fears that high inflation and energy prices may push the global economy into recession outweighed China's continued adoption of a loose monetary policy. Hence, Brent crude settled at $91.62 a barrel, while WTI decreased by 0.2% to $85.46 per barrel.
read more... 18/10/2022
Daily (17.10.2022): Oil prices settled lower on Friday due to recession fears and worries about demand
Oil prices settled lower amid recession fears, which increased worries about demand. Thus, Brent crude traded 3.1% down at $91.63 a barrel, while WTI decreased by 3.9% to $85.61 per barrel.
read more... 17/10/2022
Daily (14.10.2022): High LNG and Norwegian flows weighed on British near-term gas prices
Oil prices rose on Thursday amid reduced levels of diesel inventories ahead of winter. Moreover, a leak was discovered in the Druzhba pipeline that delivers oil from Russia to Europe. As a result, Brent crude settled 2.3% higher at $94.57 a barrel. At the same time, WTI crude gained 2.1% at $89.11 a barrel.
read more... 14/10/2022
Daily (13.10.2022): Oil prices fell on Wednesday due to demand concerns
Oil prices fell on Wednesday after OPEC revised down the outlook for the global demand. Brent crude finally closed 2% lower at $92.45 a barrel. WTI crude decreased by 2.3% to $87.27 per barrel.
read more... 13/10/2022