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Daily (13.01.2021): Gas prices were bearish on Wednesday, as ample LNG supply offset winter storage concerns
Crude oil prices continued to strengthen on Wednesday, on the back of a sharp drop in US crude reserves, to the point of approaching multi-year records set last October. Hence, Brent oil gained 1.1% at $84.67 a barrel and WTI crude rose by 1.8% to $82.64 a barrel.
read more... 13/01/2022
Daily (12.01.2022): Oil prices surged to their highest levels since early November amid tight supply, mild impact from Omicron
Oil prices surged on Tuesday, with Brent hovering at about $84 a barrel, a level last seen back in November, mainly due to several supply disruptions and as Omicron impact is seen as short-lived. Hence, Brent crude climbed by $2.85, or 3.5%, to $83.72 a barrel. U.S. West Texas Intermediate (WTI) soared by $2.99, or 3.8%, to end at $81.22 a barrel.
read more... 12/01/2022
Daily (11.01.2022): EUAs dropped by 6% on Monday as auction supply resumed
Crude oil prices lost ground on Monday as supply issues in Kazakhstan and Libya attenuated, with traders watching the impact of coronavirus outbreaks in China. Hence, Brent crude fell by 88 cents, or 1.1%, to settle at $80.87 a barrel. U.S. West Texas Intermediate (WTI) crude decreased by 67 cents, or 0.9%, to end at $78.23.
read more... 11/01/2022
Daily (10.01.2022): The European energy complex weakened on Friday, amid outlooks for milder weather
Crude oil prices decreased slightly on Friday, as the situation in Kazakhstan somewhat subsided, after several days of clashes between demonstrators and the police, with the involvement of Russian troops. As such, Brent oil edged 0.3% lower at $81.75 a barrel and WTI crude slipped by 0.7% to $78.90 a barrel.
read more... 10/01/2022
Daily (07.01.2022): Oil prices hit their highest level since late November on Thursday
Oil prices continued their increase on Thursday, due to escalating unrest in Kazakhstan and supply outages in Libya. Furthermore, rising interest rates and concerns about demand in the US also lent support to prices. Thus, Brent crude futures surged by 1.5% to $81.99 a barrel and West Texas Intermediate (WTI) gained 2.1% at $79.46 a barrel. Both contracts hit their highest since late November.
read more... 07/01/2022