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Daiy (06.10.2022): Oil prices surged on Wednesday after OPEC agreed to cut production for November
Oil prices had a bullish evolution on Wednseday, after Opec decided to cut production by 2m bbl/day in November. Consequently, Brent crude surged 1.7% to $93.37 a barrel, and WTI oil rose by 1.4% to $87.76 a barrel.
read more... 06/10/2022
Oil prices continue their bullish trend as market is awaiting Opec decision to cut production
Oil prices had a bullish evolution on Tuesday, as traders anticipated that an Opec meeting would result in a decision to cut production. Consequently, Brent crude increased 3.3% to $91.80 a barrel, and WTI oil rose 1.1% to $86.52 a barrel.
read more... 05/10/2022
Daily (04.10.2022): Oil prices increased on Monday as OPEC discussed cutting production
Oil prices increased on Monday as OPEC+ discussed cutting production by more than 1 million barrels per day (bpd) to support prices. If implemented, this would be the group's largest drop since the COVID-19 pandemic's beginning. Thus, Brent crude settled 1% higher at $88.86 a barrel on Monday. WTI crude rose by 5.2% to $83.63 per barrel.
read more... 04/10/2022
Daily (03.10.2022): EUAs posted their smallest weekly movement in three months on Friday
The chance that OPEC+ will decide to cut supply of crude oil when it meets on October 5 contributed to a weekly rise in oil prices. Nevertheless, Brent crude fell by 0.6% to $87.96 a barrel on Friday, while WTI crude traded 2.1% lower to close at $79.49, on continued worries about global economic recession and low demand.
read more... 03/10/2022
Daily (30.09.2022): Oil prices fell on Thursday amid worries about worldwide recession
Oil prices had a bearish evolution on Thursday, amid worries about a worldwide recession. Consequently, Brent crude slipped by 0.9% to $88.49 a barrel, and WTI oil edged 1.1% lower at $81.23 a barrel.
read more... 30/09/2022