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(Daily 14.07.2022): Long-term gas prices rose on Wednesday after the announcement that Nord Stream 1 maintenance may last longer than expected
Oil prices increased slightly on Wednesday even after U.S. oil stocks increased and after U.S. inflation data strengthened the argument for yet another significant Federal Reserve interest rate increase. Thus, Brent crude ended rather flat at $99.57 a barrel, while WTI crude rose by 0.5% to $96.30 per barrel.
read more... 14/07/2022
(Daily 13.07.2022): Crude oil fell on Tuesday to trade below $100 due to a strengthening dollar and COVID-19 restrictions in China
Crude oil fell on Tuesday to trade below $100 per barrel due to a strengthening dollar, COVID-19 restrictions in China, the world's largest petroleum importer, and growing concerns about a recession in the global economy. Thus, Brent crude ended 7.1% lower at $99.49 a barrel, while WTI fell by 7.9% to $95.84 per barrel.
read more... 13/07/2022
Daily (12.07.2022): German Cal23 power price firmed on Monday amid strong coal, supply concerns
Oil prices barely changed on Monday as the markets weighed persistent supply shortage worries against an anticipated decline in demand driven by extensive COVID-19 testing in China. Hence, Brent crude ended rather flat to settle at $107.10 a barrel, while U.S. WTI crude slipped by 0.7%, to settle at $104.09 a barrel.
read more... 12/07/2022
(Daily 11.07.2022): Oil prices increased on Friday due to still tight global fuel supplies
Oil prices increased on Friday due to still tight global fuel supplies, even though investors remained concerned about a possible drop in demand due to recession. Thus, Brent crude soared by 2.3% to settle at $107.02 a barrel, while WTI soared by 2% at $104.79 a barrel.
read more... 11/07/2022
(Daily 08.07.2022): German and French front-year power at a new record high due to increasing gas prices
Oil prices recovered from significant losses the previous two days on Thursday despite persistent worries about a looming global recession. Thus, Brent crude soared by 3.9% to settle at $104.65 a barrel. WTI crude rose by 4.3% to $102.73 a barrel.
read more... 08/07/2022