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Daily (20.01.2022): Oil prices were bullish on Wednesday, supported by forecasts for stronger demand
Crude oil prices rose on Wednesday, as the International Energy Agency (IEA) predicted a rise in crude demand, despite the spread of the Omicron variant. Furthermore, the situation was exacerbated by the apparent inability of OPEC+ to meet its production targets. Thus, Brent oil gained 1.1% at $88.44 a barrel and WTI crude jumped by 1.8% to $86.96 a barrel.
read more... 20/01/2022
Daily (19.01.2022): Oil prices continued to trade around multi-year highs amid geopolitical tensions and tight supply outlook
Crude oil prices extended seven-year highs on Tuesday amid concerns about tightening supply and exacerbating geopolitical tensions. Supply worries mounted this week after Yemen’s Houthi group attacked the United Arab Emirates, escalating hostilities. As a result, Brent crude rose by 4.5% to settle at $87.51 a barrel. At the same time, the American WTI crude gained 5.2% at $85.43 a barrel
read more... 19/01/2022
Daily (18.01.2022): Brent oil reached its highest level since 2014 on Monday, lifted by supply disruptions and stronger demand
Oil prices strengthened on Monday, with Brent climbing to its highest in more than seven years, supported by a rise in demand and supply disruptions in Libya and Nigeria among others. Nevertheless, gains were limited by concerns over the Omicron variant. As such, Brent oil edged 0.5% higher at $86.48 a barrel and WTI crude increased by a mere 0.6% to $84.29 a barrel.
read more... 18/01/2022
Daily (17.01.2022): Energy prices increased on Friday, supported by cold weather outlooks and news on EDF plans to curb the French nuclear output
Crude oil prices were bullish on Friday, reaching their highest in two and a half months, amid data showing that the production of black gold from OPEC+ may struggle to meet a rise in demand. As such, both Brent oil and WTI crude settled around 2% higher at $86.06 a barrel and $83.82 a barrel, respectively.
read more... 17/01/2022
Daily (14.01.2022): French power prices climbed on Thursday amid news about reduced nuclear power production
Oil prices saw a downwards correction on Thursday, pulling back from new two-month highs reached the previous session. The losses were attributed to profit-taking among speculative buyers. However, falling US inventory levels and optimism surrounding Omicron limited the downside. Brent crude lost 0.2% to settle at $84.47 a barrel. U.S. WTI crude futures slipped by 0.6% to end at $82.12 a barrel.
read more... 14/01/2022