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Daily (29.06.2022): Oil prices rose as major exporters appeared unlikely to be able to significantly raise supply
Oil prices rose for the third day in a row on Tuesday as major exporters - Saudi Arabia and the United Arab Emirates - appeared unlikely to be able to significantly raise supply. On the other hand, Western countries agreed to investigate into potential measures to regulate the price of the Russian crude. Brent crude therefore increased by 2.5% to close at $117.98 a barrel.
read more... 29/06/2022
Daily (28.06.2022): European forward electricity prices rose on Monday amid ongoing supply squeeze fears
Crude oil prices extended gains on Monday as a worsening political crisis in Libya could result in halting exports, exacerbating supply tightness concerns. Hence, Brent crude futures increased by $1.97, or 1.7%, to settle at $115.09 a barrel. U.S. WTI crude added $1.95, or 1.8%, to end at $109.57 a barrel.
read more... 28/06/2022
Daily (27.06.2022): Oil prices increased on Friday due to limited supply
Oil prices increased on Friday due to limited supply but fell for the second consecutive week due to worries that increasing interest rates could cause a global recession. Brent crude rose by 2.8% to settle at $113.12 a barrel. WTI brute increased by 3.2% to $107.62 per barrel.
read more... 27/06/2022
Daily (24.06.2022): Oil prices fell to $110 a barrel amid concerns of a slower economic growth in the United States
Oil prices fell on Thursday after more remarks from Federal Reserve Chair Jerome Powell stoked concerns that interest rate hikes might lead to a slower pace of the economic growth. Brent crude decreased by 1.5% to $110.05 a barrel.
read more... 24/06/2022
Daily (23.06.2022): Oil prices slumped to their lowest level in more than a month on Wednesday amid growing recession fears
Crude oil prices retreated to their lowest level in more than a month on Wednesday, with losses attributed to weak economic forecasts for the global economy after major central banks hiked interest rates. Hence, Brent crude fell by $2.91, or 2.5%, to settle at $111.74 a barrel. U.S. WTI crude dropped by $3.33, or 3%, to settle at $106.19 a barrel.
read more... 23/06/2022