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Daily (07.09.2021): German and French Cal’22 power hit all-time highs on Monday with gas and carbon heading higher in lockstep
Crude oil prices retreated on Monday as demand worries related to impacts by the coronavirus and its delta variant are put into the spotlight again after Saudi Arabia cut official selling prices to Asia. Hence, Brent crude shed by 1.8% to settle at $72.22 a barrel. U.S. WTI crude declined by 0.5% to close at $68.93 a barrel.
read more... 07/09/2021
Daily (06.09.2021): The wider energy complex weakened on Friday, on bearish technical signals
Oil prices diverged on Friday, with Brent crude trading 0.7% higher at $73.51 a barrel, on subsiding fears over Hurricane Ida and production increases by OPEC members. WTI oil, however, lost 1% to close at $69.28 a barrel, weighed by concerns over an economic slowdown.
read more... 06/09/2021
Daily (03.09.2021): Electricity front-year prices were hovering at all-time highs amid record high gas and carbon
Crude oil prices rebounded sharply on Thursday, supported by recent data showing a sharp drop in U.S. crude inventories and hopes about global economic growth despite the coronavirus pandemic. Hence, Brent crude increased by $1.44 or 2%, to settle at $73.03 a barrel, notching its first gain in three sessions. U.S. WTI crude rose by $1.40, or 2%, to settle at $69.99 a barrel, the highest settlement since Aug 3.
read more... 03/09/2021
Daily (02.09.2021): European carbon prices lost 1% on Wednesday, tracking a bearish energy complex
Crude oil prices diverged on Wednesday. The Brent benchmark lost nearly 2% at $71.59 a barrel, as OPEC+ members confirmed their strategy of increasing production by 400.000 bpd in October. WTI oil edged higher, as a weekly decrease in US crude stocks limited losses. As such, WTI edged 0.1% higher at $68.59 a barrel.
read more... 02/09/2021
Daily (01.09.2021): Oil prices ended the turbulent August with losses amid global health crisis
Crude oil prices declined on Tuesday following some sharp gains on the oil market over the last few weeks as investors weighed the prospect of additional OPEC+ production and the restoration of crude output in the U.S. after Hurricane Ida. Oil has endured a turbulent August, with Brent dropping by over 4% month-on-month and WTI crude falling by 7%. Both benchmarks posted their first monthly losses since March. Hence, Brent crude slipped by 0.6% day-on-day, to settle at $72.99 a barrel. U.S. WTI crude dropped by 1% to close at $68.50 a barrel.
read more... 01/09/2021