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Daily (19.11.2021): European carbon prices hit a fresh all-time high above 69 EUR/t on Thursday amid speculative buying
Oil prices increased slightly on Thursday, but the market was unable to reprise its recent highs as China seems ready to release some of its oil reserves, in apparent collaboration with the United States to fight back against OPEC output cuts. Hence, Brent crude settled 96 cents, or 1.2%, higher at $81.24 a barrel. U.S. WTI crude closed 65 cents, or 0.8%, higher at $79.01 a barrel.
read more... 19/11/2021
Daily (18.11.2021): Oil prices lost around 3% on Wednesday, due to dollar strength and fears of the US tapping into strategic reserves
Oil prices declined on Wednesday, pressured by a stronger US dollar and continued concerns of drawdowns from strategic crude reserves. Consequently, Brent oil fell by 2.6% to $80.28 a barrel and WTI crude dropped by 3% to $78.36 a barrel.
read more... 18/11/2021
Daily (17.11.2021): Suspended NS2 certification sent British gas prices to fresh record highs on Tuesday
Oil prices ended mixed in a choppy trading on Tuesday, with Brent crude moving higher as Saudi Arabia fuelled supply concerns by saying it would not accelerate production increases. However, concerns about rising Covid-19 cases in Europe limited gains. Hence, Brent crude added 0.5% to settle at $82.43 a barrel. In contrast, WTI crude lost 0.2% to settle at $80.76 a barrel following signals from the Biden administration that it has been considering a release from its emergency crude reserves.
read more... 17/11/2021
Daily (16.11.2021): British gas prices increased on Monday as Russia failed to book additional transit capacity through Ukraine
Crude oil prices struggled for direction on Monday amid uncertainty whether crude supplies will increase and demand will be constrained by the recent surge in energy costs and rising COVID-19 cases. Hence, Brent crude softened by 0.2% to settle at $82.05 a barrel. At the same time, U.S. WTI crude added 0.1% to and at $80.88 a barrel.
read more... 16/11/2021
Daily (15.11.2021): Oil prices fell by nearly 1% on Friday, weighed by forecasts of lower demand and rumors of tapping into strategic reserves
Oil prices retreated on Friday, on rumors of potential withdrawals from US strategic reserves and OPEC data suggesting a slowdown in demand growth for the end of 2021. As a result, Brent oil lost 0.8% at $82.17 a barrel and WTI crude fell by 1% to $80.79 a barrel.
read more... 15/11/2021