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Daily (26.01.2024): Oil prices surged to their highest levels since early December on the back of positive economic data from China and the U.S
Oil prices rose to their highest level since early December on Thursday, driven by encouraging economic data from the U.S. and stimulus actions in China. As a result, Brent crude ended at $82.43, while WTI crude closed at $77.36 per barrel, with both contracts jumping by about 3%.
read more... 26/01/2024
Daily (25.01.2024): Supply concerns and forecasts of a colder weather drove the energy complex higher on Wednesday
Oil prices rose by about 1% on Wednesday after the announcement of a massive contraction in US inventories amid the storm that hit the United States. Consequently, Brent crude settled at $80.04, while WTI crude settled at $75.09 per barrel.
read more... 25/01/2024
Daily (24.01.2024): Forward electricity prices rose by about 1% on Tuesday amid comfortable supply outlook and bearish gas prices
Oil prices edged down on Tuesday, with concerns about the health of demand outweighing possible supply disruptions. As a result, Brent crude ended at $79.55, while WTI crude settled at $74.37 per barrel, both contracts falling by about 0.6%.
read more... 24/01/2024
Daily (23.01.2024): Gas prices tumbled on Monday amid strong supply and forecasts of milder temperatures
Oil prices jumped by about 2% on Monday, supported by Red Sea tensions and weaker production in the US due to colder weather. Hence, Brent crude stabilized at $80.06, while WTI crude ended at $74.76 per barrel.
read more... 23/01/2024
Daily (22.01.2024): European carbon prices rose by 1% on Friday amid the strongest auction result in five months
Oil prices retreated marginally on Friday as the market downplayed the impact of Houthi rebel attacks in the Red Sea. Diminishing expectations of interest rate cuts lent further bearish pressure to the oil market. Consequently, Brent crude ended at $78.56, while WTI crude settled at $73.41 per barrel.
read more... 22/01/2024