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Daily (06.01.2022): European carbon prices jumped by more than 3% on Wednesday, on the back of bullish energy markets and low liquidity
Crude oil prices rose on Wednesday, on favorable US employment data, as well as a further drop in crude stocks in the United States. As such, Brent oil increased by 1% to $80.80 a barrel and WTI crude gained 1.1% at $77.85 a barrel.
read more... 06/01/2022
Daily (05.01.2022): Brent crude back at $80 a barrel as OPEC agreed to stick with its planned output hike for February
Oil prices continued to add ground on Tuesday after OPEC+ group agreed yesterday to increase output by 400, 000 barrels per day in February as originally planned. The move provides some comfort to the market as it signals that they are confident with the demand outlook in the coming months. Hence, Brent crude increased by 1.3% to settle at $80.00 a barrel, the highest level since late November. U.S. WTI crude rose by 1.2%, to $76.99 a barrel.
read more... 05/01/2022
Daily (04.01.2022): Oil prices edged higher on Monday ahead of OPEC meeting
Crude oil futures gained ground on the first trading day of the new year ahead of an OPEC+ meeting on Tuesday to discuss production policy. Hence, Brent crude increased by 1.5% to settle at $78.98 a barrel. U.S. WTI crude settled up 1.2% at $76.08 a barrel. Both contracts were spurred by hopes of further demand recovery in 2022.
read more... 04/01/2022
Daily (03.01.2022): British gas prices lost ground on Friday, on forecasts for milder temperatures and increased LNG supply
Crude oil prices retreated on Friday, as trading volumes fell significantly, while investors questioned whether 2021’s price surge will continue into the new year. Consequently, Brent oil lost 1.9% at $77.78 a barrel and WTI crude dropped by 2.3% to $75.21 a barrel.
read more... 03/01/2022
Daily (31.12.2021): The German spot power price fell dramatically amid strong wind output
Crude oil prices edged slightly higher on Thursday ahead of OPEC+ meeting next week, on expectations for strong fuel demand despite soaring Omicron coronavirus infections. Hence, Brent crude closed higher at $79.32 a barrel, while the American WTI crude rose by 0.6% to settle at $76.99 a barrel.
read more... 31/12/2021