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Daily (23.09.2022): Crude oil prices rebounded on Thursday amid strengthening Chinese demand
Crude oil prices rebounded on Thursday amid strengthening Chinese demand and a smaller-than-expected rate hike by the Bank of England, which instead of forecasts for a 75-basis point hike opted for a 50-bp increase. Thus, Brent crude and WTI crude added 0.7% to settle at $90.46 a barrel and $83.49 per barrel respectively.
read more... 23/09/2022
Daily (22.09.2022): Oil prices dropped to a two-week low on Wednesday after U.S. Fed hiked interest rates
On Wednesday, oil prices dropped to a two-week low as the U.S. Federal Reserve announced yet another important rate hike to combat inflation, which might dampen economic growth and oil demand. Thus, Brent crude decreased by nearly 0.9% to $89.83 a barrel, while WTI crude fell by 1.2% to $82.94 per barrel.
read more... 22/09/2022
Daily (21.09.2022): NBP gas prices recovered on Tuesday amid cold weather forecasts
On Tuesday, oil prices were bearish, following a decline in other risk assets. The dollar remained strong and investors anticipated further interest rate increases from central banks in order to reduce inflation. As such, Brent crude settled 1.5% lower at $90.62 a barrel. WTI crude decreased by 2.1% to $83.94.
read more... 21/09/2022
Daily (20.09.2022): German and French spot power prices rocketed on Monday
Crude oil prices increased marginally on Monday as a strong U.S. dollar and possible hikes to interest rates along with signs of tight supply offset worries about global economic slowdown. As such, Brent and WTI crude rose by 0.7%, to settle at $92.00 and $85.73 a barrel respectively.
read more... 20/09/2022
Daily (19.09.2022): EUA prices sharply increased, breaking a three-week losing run
A leak at an Iraqi terminal in Basra appeared to be limiting the flows of oil, which led to a slight increase in oil prices on Friday. Prices, however, declined on a weekly basis due to worries that major interest rate hikes will impede the growth of the world economy and the need for fuel. Thus, Brent crude settled 0.6% higher at $91.35 a barrel. At the same time, WTI crude was flat at $85.11.
read more... 19/09/2022