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Daily (28.04.2022): European electricity prices soared on Wednesday as Russia turns off is gas taps
Crude oil prices increased modestly on Wednesday ongoing concerns about tight worldwide supply, exacerbated by Russia's move to cut off gas shipments to two European nations. Hence, Brent crude rose by 0.3% to settle at $105.32 a barrel. U.S. WTI crude added 0.3% to end at $102.02 a barrel.
read more... 28/04/2022
Daily (27.04.2022): British gas price surged on Tuesday amid news that Russia will suspend gas flows to Poland
Crude oil prices rebounded on Tuesday a pledge of China’s central bank to boost liquidity in financial markets, which helped soothe concerns about the impact of a resurgent Covid-19 that had led to another lockdown. Hence, Brent crude increased by $2.67, or 2.6%, to settle at $104.99 a barrel. U.S. WTI crude soared by $3.16, or 3.2%, at $101.70.
read more... 27/04/2022
Daily (26.04.2022): Oil prices fell by about 4% on Monday amid demand destruction concerns from China
Crude oil prices slumped to their lowest levels in two weeks on Monday. The market reacted bearishly to the news that China will prolong the strict coronavirus lockdown, a measure that the market fears will result in a slowing economy and weak demand. Hence, Brent crude fell by $4.33, or 4.1%, to settle at $102.32 a barrel. U.S. WTI crude fell by $3.53, or 3.5%, to settle at $98.54.
read more... 26/04/2022
Daily (25.04.2022): European carbon prices rallied to two-month high on Friday amid strong technical signals
Crude oil prices retreated on Friday amid indications of a potential economic slowdown as COVID lockdowns in China are hurting demand. Hence, Brent crude settled down $1.68, or 1.6%, at $106.65 a barrel. U.S. WTI crude declined by $1.72, or 1.7%, to $102.07 a barrel.
read more... 25/04/2022
Daily (22.04.2022): Oil prices soared on Thursday due to Germany’s plans to cut oil imports from Russia by the end of 2022
Oil prices rose on Thursday, due to weaker Russian output and Germany’s plans to eliminate oil imports from Russia. Consequently, Brent crude increased by 1.4% to $108.33 a barrel. U. S. WTI Crude rose by 1.5% to $103.79 a barrel.
read more... 22/04/2022