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Daily (17.07.2024) European spot electricity prices surged due to decreased wind energy generation.
Oil prices continued to decline on Tuesday, weak economic signals from China, the world's largest crude oil importer. Consequently, Brent crude decreased by just over 1.3% to end at $83.73 a barrel, while WTI crude fell by 1.4% to settle at $80.76 a barrel.
read more... 17/07/2024
Daily (16.07.2024): Oil prices dropped as China's economic struggles overshadowed increased shipping costs from Houthi attacks in the Red Sea
Oil prices decreased on Monday, influenced by China’s underperforming economy despite the Houthis attacks in the red sea causing higher shipping costs. As a result, Brent crude decreased by just over 0.2% to end at $84.85 a barrel, while WTI crude fell by approximately 0.4% setting at $81.91 a barrel.
read more... 16/07/2024
Daily (15.07.2024): British gas prices increased on Friday, spurred by post-storm assessments and stronger demand
Oil prices decreased on Friday, influenced by weak oil demand in China, despite signs of healthy summer demand in the US. As a result, Brent crude decreased by 0.4% to end at $85.03 a barrel, while WTI crude fell by 0.5% setting at $82.21 a barrel.
read more... 15/07/2024
Daily (12.07.2024): Forward gas prices increased on Thursday, benefiting from a technical rebound and rising demand
Oil prices ended slightly higher on Thursday, driven by positive US inflation news, suggesting potential future rate cuts by the Fed that could stimulate economic activity. As a result, Brent crude rose modestly by 0.4% to $85.40 per barrel. At the same time, WTI crude increased by 0.6%, closing at $82.62 per barrel.
read more... 12/07/2024
Daily (11.07.2024): British gas and carbon prices weighed on the German year-ahead power contract on Wednesday
Oil prices increased for the first time in four sessions on Wednesday, driven by a further reduction in US crude inventories and a technical rebound. As a result, Brent crude edged 0.5% up, settling slightly above $85 per barrel, while WTI Crude rose by 1%, closing at $82.10 per barrel.
read more... 11/07/2024