Latest news
Daily (31.12.2020): A drop in crude reserves in the US lent support to oil prices on Wednesday
According to the U.S. Energy Information Agency (EIA) report released on Wednesday, crude reserves in the United States fell for the third week in a row, thus lending support to oil prices. As a result, Brent crude gained 0.5% to $51.34 a barrel, while WTI oil traded 0.8% higher at $48.40 a barrel.
read more... 31/12/2020
Daily (30.12.2020): Gas prices surged on Tuesday, boosted by forecasts for lower temperatures
Crude oil prices edged higher on Tuesday, supported by an improved US economic stimulus plan. Despite concerns regarding demand for black gold, Brent oil gained 0.5% at $51.09 a barrel, while WTI crude ended 0.8% higher at $48.00 a barrel.
read more... 30/12/2020
Daily (29.12.2020): The energy markets on a front foot on Monday despite slightly lower oil prices, with investors back to the market after a Christmas break
Oil prices retreated on Monday as worries about looming new supply from OPEC+ and a weak demand a on the back of a new aggressive strain of the coronavirus overshadowed the positive news of the passing of a US stimulus package. Hence, Brent crude fell by 43 cents, or 0.84%, to settle at $50.86 a barrel. At the same time, U.S. WTI crude settled at $47.62 a barrel, declining by 61 cents, or 1.26% day-on-day.
read more... 29/12/2020
Daily (28.12.2020): Market influenced on Thursday by Brexit deal and Christmas holidays
Oil prices were marked by monotonous trading on Thursday, due to the approaching Christmas weekend. Brent crude and WTI oil ended rather flat at $51.29 and $48.23 a barrel respectively.
read more... 28/12/2020
Daily (24.12.2020): Carbon EUAs increased by 2.4% on Wednesday amid hopes for a Brexit conclusion before Christmas
Crude oil prices gained ground on Wednesday, supported by an unexpected drop in US crude and petroleum reserves. Despite limited gains due to the new strain of coronavirus, Brent oil ended 2.2% up at $51.20 a barrel, while WTI crude traded 2.3% higher at $48.12 a barrel.
read more... 24/12/2020