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Daily (27.06.2024): Gas prices dropped on Wednesday, weighed by ample supply
Oil prices edged slightly higher on Wednesday as investors continued to assess the market's bleak fundamentals against a backdrop of escalating geopolitical tensions. As a result, Brent crude rose by 0.3%, settling at $85.25 a barrel. At the same time, WTI crude edged 0.2% up at around $81 a barrel.
read more... 27/06/2024
Daily(26.06.2024) : Higher gas and carbon prices lent support to year-ahead power prices on Tuesday
Oil price fell on Tuesday as bearish market fundamentals put pressure on prices. Brent crude decreased by over 1% to $85.01 a barrel and WTI crude fell by 1 % $80.83 per barrel, despite rising geopolitical tensions.
read more... 26/06/2024
Daily (25.06.2024): EUAs declined on Monday, hitting an 8-week low amid stable gas market and milder weather
Oil prices climbed on Monday, buoyed by hopes of stronger demand in the United States, which is betting on a drop in crude inventories over the summer, and by geopolitical risks. As a result, Brent crude increased by 1%, settling slightly above $86 a barrel, while WTI crude gained over 1% to end at $81.63.
read more... 25/06/2024
Daily (24.06.2024): Gas prices dropped on Friday on the back of easing supply concerns
On Friday, oil prices retreated, weighed by a strong dollar and weakening economic activity in the Eurozone. Nonetheless, investors remain vigilant about the geopolitical risks in the Middle East. Hence, Brent crude edged 0.6% lower, reaching $85.24 a barrel. WTI crude slipped by about 0.7% to settle at $80.73.
read more... 24/06/2024
Daily (21.06.2024): Oil prices extended gains on Thursday amid stronger demand and escalating geopolitical tensions
Oil prices gained further ground on Thursday, spurred by a surge in US demand for refined products, as well as a tougher geopolitical context. Hence, Brent crude rose by about 1%, settling at $85.71 a barrel, while WTI crude increased by about 1% ending at $81.29.
read more... 21/06/2024