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Daily (21.07.2022): EUAs experienced their largest daily decline in six weeks on Wednesday
On Wednesday, crude oil prices traded slightly down, as official US crude inventory data indicated low gasoline demand. Thus, Brent crude ended 0.4% lower at $106.92 a barrel, while WTI decreased by 4.2% to $99.88 a barrel.
read more... 21/07/2022
Daily (20.07.2022): The global benchmarks reached a two-week high on Tuesday on fears of supply shortage
The global benchmarks Brent and WTI reached a two-week high on Tuesday in a choppy trading as investors are worried about a shortage of supply and a declining dollar. Thus, Brent crude ended 1% higher at $107.35 a barrel, while WTI rose by 1.6% to settle at $104.22 a barrel.
read more... 20/07/2022
(Daily 19.07.2022): Oil prices rebounded on Monday, influenced by a weaker dollar
Oil prices rebounded on Monday, influenced by a weaker dollar and expectations that the US Federal Reserve will not raise interest rates by a full percentage point to combat inflation. Thus, Brent crude rose by 5% to settle at $106.27 a barrel, while WTI surged by 4.1% to $102.6.
read more... 19/07/2022
Daily (18.07.2022): Oil prices rose on Friday due to the lack of an immediate oil extraction growth forecast in Saudi Arabia
Oil rose on Friday after U.S. official said that an immediate Saudi oil output surge was not anticipated. Thus, Brent crude ended 2.1% higher at $101.16 a barrel and WTI rose by 1.9% to settle at $97.59 a barrel.
read more... 18/07/2022
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(Daily 15.07.2022): Oil prices fell to a one-month low due to weak demand
Oil prices fell on Thursday as investors are concentrated on the possibility of a significant rate hike in the United States later this month, which may reduce inflation but also dampen oil demand. Thus, Brent and WTI crude ended both 0.5% lower at $99.10 and $95.78 a barrel respectively.
read more... 15/07/2022