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Daily (10.05.2022): Oil prices slumped by about 6% on Monday amid flagging demand due to Covid lockdown in China
Oil prices dropped sharply on Monday as the ongoing coronavirus lockdowns in China increased concerns about the demand outlook. Hence, Brent crude fell by $6.45, or 5.7%, to settle at $105.94 a barrel. U.S. WTI crude slumped by $6.68, or 6.1%, to settle at $103.09 a barrel.
read more... 10/05/2022
Daily (09.05.2022): European carbon prices soared to a new teen-week high on Friday amid robust buying
Crude oil prices increased on Friday as looming European Union sanctions on Russian oil raised the prospect of tighter supply, with traders dismissing concerns about global economic growth. Brent crude rose by $1.49, or 1.3%, to settle at $112.39 per barrel. U.S. WTI crude increased by $1.51, or 1.4%, to end at $109.77 a barrel.
read more... 09/05/2022
Daily (06.05.2022): European forward electricity prices surged to record highs on Thursday amid a bullish energy complex
Oil prices increased slightly on Thursday, with the market continuing to digest the announcement from the European Commission that an EU ban on Russian oil is on the way. Consequently, Brent crude rose by 0.6% to $110.90 a barrel, while WTI crude added 0.4% to $108.26 a barrel.
read more... 06/05/2022
Daily (05.05.2022): Oil prices rose following EU proposal to ban imports of Russian crude
Oil prices jumped, as European Union proposed a ban on imports of Russian crude within six months and on refined oil products from the country by year-end. Consequently, Brent crude surged by 4.9% to $110.14 a barrel, and WTI crude oil soared by 5.2% to $107.81 a barrel.
read more... 05/05/2022
EC aims to ban Russian crude imports within 6 months
The European Commission will propose to end Russian crude oil imports to the EU within six months and refined products by the end of the year, its president Ursula von der Leyen said on Wednesday.
read more... 05/05/2022