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Daily (28.07.2022): Crude oil prices surged on Wednesday due to reports of lower US stocks
Crude oil prices surged on Wednesday following reports of lower US stocks and a reduction in Russian gas exports to Europe, which counterbalanced worries about weakening demand and higher interest rates in US. As such, WTI crude rose by 2.4% to settle at $97.26 per barrel, Brent crude ended 2.1% up at $106.62 a barrel.
read more... 28/07/2022
Daily (27.07.2022): NBP gas prices rose significantly as a result of the EU's decision to reduce gas demand by 15%
Oil prices decreased on Tuesday as investors worried about dwindling consumer confidence and prepared for the release of an additional 20 million barrels of crude oil from the US Strategic Petroleum Reserve. As such, WTI crude diminished by 1.8% to settle at $94.98 per barrel. At the same time, Brent crude ended 0.7% down at $104.40 a barrel.
read more... 27/07/2022
Daily (26.07.2022): French and German long-term power prices increased amid the rise in gas prices and worries about Russian supply
On Monday, the crude oil prices increased due to concerns about supply, a weaker US currency, and rising stock markets. Brent crude for September delivery ended at $105.15 a barrel, up 1.9%. American WTI crude soared by 2.1% to $96.70 a barrel.
read more... 26/07/2022
Daily (25.07.2022): Crude oil dropped on Friday, weighed by increased worries about slowing global demand
Crude oil prices fell on Friday, weighed by worries about slowing global demand at a time when many countries are fighting inflation brought on by rising energy and food prices. Thus, Brent crude ended 0.6% lower at $103.20 a barrel. WTI crude diminished by 1.7% to settle at $94.70 per barrel.
read more... 25/07/2022
Daily (22.07.2022): EUA prices fell for a fourth day in a row on Thursday due to the new EU energy saving plan
The ECB rate hike and larger gasoline stocks in the United States both contributed to Thursday's decline in oil prices. On the other hand, the return of Libyan oil supplies and the restart of Russian gas exports to Europe relieved supply constraints. Thus, Brent crude ended 2.9% lower at $103.86 a barrel. WTI crude fell by 3.5% to settle at $96.35 a barrel.
read more... 22/07/2022