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Daily (15.06.2022): British gas prices rallied on Tuesday amid weaker Russian flows, maintenance in Norway
Oil prices lost ground on Tuesday as investors worried that the US Federal Reserve would raise interest rates sooner than expected. Hence, Brent crude decreased by 0.9%, to settle at $121.17 a barrel. U.S. WTI crude slipped by 0.7%, to settle at $118.93 a barrel.
read more... 15/06/2022
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Daily (14.06.2022): German front-year power contract fell to a three-week low on Monday on weaker coal, carbon prices
Oil prices increased slightly in a choppy session on Monday as tight global supplies offset concerns that demand would be stifled by a resurgence of COVID-19 cases in Beijing and more interest rate hikes. Hence, Brent crude rose by 0.2% to settle at $122.27 a barrel. U.S. WTI crude added 0.2% to settle at $120.93 a barrel.
read more... 14/06/2022
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Daily (13.06.2022): European front-year electricity prices fell by over 2% on Friday amid bearish gas, carbon prices
Crude oil prices retreated on Friday after U.S. consumer prices rose more than expected and China imposed new COVID-19 lockdown measures. Hence, Brent crude decreased by 0.9% to settle at $122.01 a barrel. U.S. WTI crude declined by 0.7% to settle at $120.67 a barrel.
read more... 13/06/2022
Daily (10.06.2022): British gas prices soared on Thursday as U.S. Freeport LNG terminal shuts after fire
Crude oil prices declined marginally on Thursday after parts of Shanghai imposed new COVID-19 lockdown measures. However, they are still hovering at near three-month highs amid falling gasoline inventories in the US. Hence, Brent crude lost 0.4% at $123.07 a barrel. US WTI crude slipped by 0.5% to end at $121.51 a barrel.
read more... 10/06/2022
Daily (09.06.2022): Oil prices surged to a 13-week high
On Wednesday, oil prices surged to a 13-week high as rising demand expectations in China and the United States, the world's two largest energy consumers, fueled fears about global supply constraints. As a result, Brent crude rose by 2.5% to $123.58 per barrel.
read more... 09/06/2022