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Daily (03.02.2022): European carbon prices jumped by over €5 on Wednesday amid strong technical buying and bullish energy prices
Crude oil prices rose marginally on Wednesday, supported by the decision of OPEC+ members to maintain the gradual increase in production. Gains, however, were limited by higher US crude reserves. As such, Brent oil edged 0.4% up at $89.47 a barrel and WTI crude gained merely 0.1% at $88.26 a barrel.
read more... 03/02/2022
Daily (02.02.2022): UK gas prices declined on Tuesday following a rise in natural gas supplies to Europe
Crude oil prices were steady to bearish on Tuesday, as the market remained cautious ahead of the Organisation of the Petroleum Exporting Countries (Opec) and its Opec+ partners meeting, as well as the release of US inventories. Thus, Brent crude declined by 2.3% to settle at $89.16 a barrel. Meanwhile, the American WTI crude price steadied at $88.20 a barrel.
read more... 02/02/2022
Daily (01.02.2022): UK gas prices eased on Monday on forecasts for warmer weather next month
Oil prices edged up on Monday, trading near seven-year highs, as investors await that supplies will stay tight, due to limited production rise by major oil producers and a strong recovery in fuel demand. Tensions between Russia and the West also underpinned crude prices, which soared by about 17% in January, the biggest monthly gain since February 2021. As such, Brent crude price rose by 1.3% to settle at $91.21 a barrel. The American WTI crude closed 1.5% higher at $88.15 a barrel.
read more... 01/02/2022
Daily (31.01.2022): Energy markets were in disarray on Friday, influenced by escalating tensions between Ukraine and Russia
Crude oil prices increased slightly on Friday, amid extended risks to crude supply due to escalating geopolitical tensions between Ukraine and Russia. Thus, Brent oil rose by 0.8% to $90.03 a barrel and WTI crude edged 0.2% higher at $86.82 a barrel.
read more... 31/01/2022
Daily (28.01.2022): European forward power prices were bullish on Thursday amid strong gas and CO2 markets
Crude oil prices eased on Thursday on the back of a stronger US dollar, but investors remained focused on the threat of a Russian attack on Ukraine and concerns over potential supply disruptions. As such, Brent crude fell by merely 0.7% to settle at $89.34 a barrel. At the same time, the American WTI crude price lost 0.9% at $86.61 a barrel.
read more... 28/01/2022