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Daily (21.01.2021): Oil prices edged higher on Wednesday with the inauguration of the 46th US President
On Wednesday, Joe Biden was sworn in as the 46th President of the United States. His climate change policies raised hopes for restricted U.S. crude supply, thus lending support to crude oil prices. As such, Brent oil edged 0.3% higher at $56.08 a barrel, while WTI crude gained 0.6% to $53.31 a barrel.
read more... 21/01/2021
Daily (20.01.2021): Energy prices rebounded on Tuesday amid bullish sentiment on the market
Oil prices gained momentum on Tuesday in line with a weakening dollar, boosted by the prospect of further economic support in the United States. Hence, Brent crude for March delivery rose by $1.15, or 2.1%, to settle at $55.90 a barrel. Meanwhile, U.S. WTI crude settled 62 cents, or 1.18%, higher at $52.98 per barrel.
read more... 20/01/2021
Daily (19.01.2021): Crude oil markets sluggish on Monday amid stronger U.S. Dollar, surging cases of COVID-19 in China
Crude oil prices fell modestly on Monday, remaining subdued by the strength of the U.S. Dollar and the extent of the spread of COVID-19 cases in China. Hence, Brent crude declined by 0.6%, to settle at $54.75 a barrel. Meanwhile, U.S. WTI crude ended at $52.05 a barrel, posting a 0.6% loss day-on-day.
read more... 19/01/2021
Daily (18.01.2021): Carbon EUAs plummeted by 5% on Friday, following a bearish energy market
Crude oil prices retreated on Friday, weighed by global demand concerns amid the coronavirus pandemic. Hence, Brent crude and WTI oil lost 2.3% to close at $55.10 and $52.36 a barrel, respectively.
read more... 18/01/2021
Daily (15.01.2020): U.S. WTI crude ended at its highest level in 11 months on Thursday amid stimulus optimism
Crude oil futures gained ground on Thursday, with U.S. WTI crude hitting its highest level since February of last year, buoyed by the continuing COVID-19 vaccine rollout and hopes that a new U.S. coronavirus relief plan could boost oil demand. Hence, Brent crude rose by 36 cents, or 0.6%, to settle at $56.42 a barrel on ICE Futures Europe. U.S. oil benchmark increased by 66 cents, or 1.3%, to close at $53.57 a barrel on the New York Mercantile Exchange.
read more... 15/01/2021