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Daily (24.03.2022): Oil prices gained over 5% on Wednesday, on prospects of more sanctions against Russian oil and a drop in US commercial crude reserves
Crude oil prices increased sharply on Wednesday, amid anticipations of additional sanctions against Russia ahead of several key international summits. Moreover, US commercial crude stocks dropped by a larger-than-expected amount, lending additional support. Hence, Brent oil surged by 5.3% to $121.60 a barrel and WTI crude rose by 5.2% to $114.93 a barrel.
read more... 24/03/2022
Daily (23.03.2022): European carbon prices climbed to a six-day high on Tuesday ahead of options expiry
Oil prices fell marginally on Tuesday as it appeared improbable that European Union countries would join the US in imposing a Russian oil embargo in response to the country's invasion of Ukraine. Brent crude slipped by 0.2% to settle at $115.48 a barrel. U.S. WTI crude ended 0.3%, lower at $111.76.
read more... 23/03/2022
Daily (22.03.2022): Oil prices surged by 7% on Monday as EU considers Russian crude ban
Oil prices increased sharply on Monday as Europe considers whether to follow America's ban on Russian oil. Brent crude surged by $7.69 or 7.1%, to settle at $115.62 per barrel. U.S. WTI crude settled at $112.12 per barrel, soaring by $7.42 or 7.1%.
read more... 22/03/2022
Daily (21.03.2022): European carbon prices snapped eight straight sessions of gains on Friday amid profit-taking
Crude oil prices increased on Friday amid expectations that Russian oil production will decline sharply in the coming weeks following Western sanctions on technology transfers and financing options for Russian oil companies. Hence, Brent crude settled 1.2% higher at $107.93 a barrel. U.S. WTI crude rose by 1.7% to end at $104.70 a barrel.
read more... 21/03/2022
Daily (18.03.2022): Oil prices surpassed again $100 a barrel on Thursday amid risk of supply shortfall
Oil prices climbed back above $100 a barrel on Thursday as risks of a Russian supply shortfall are increasing amid doubts that a resolution between Russia and Ukraine will be reached in the near term. Hence, Brent crude soared by 8.8%, to settle at $106.64 a barrel, its largest percentage gain since mid-2020. U.S. WTI crude increased by 8.4%, to close at $102.98 a barrel.
read more... 18/03/2022