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Daily (18.03.2020): Oil prices plummeted below $30 a barrel to reach the lowest level since 2016
Crude oil futures extended losses on Tuesday, falling to the lowest level since 2016 as the coronavirus pandemic threatens to bring the global economy to a deadlock, denting the fuel demand at a time when crude supply is flooding the market. Brent crude fell by $1.32, or 4.4% to settle at $28.73 a barrel on ICE London. U.S. WTI crude plunged by $1.75, or 6% to end at $26.95 a barrel on NYMEX.
read more... 18/03/2020
Daily (17.03.2020): The EUAs below the €20-mark for the first time in over a year due to a sell-off in financial markets
Crude oil futures decreased sharply on Monday as the coronavirus pandemic continued to play havoc across the energy complex, forcing countries to go into lockdown. Furthermore, top oil producers announced their intention to flood the black gold markets after their ally, Russia, refused on March 6 to further limit the oil production to prop up prices.
read more... 17/03/2020
Daily (13.03.2020): Travel restrictions due to the coronavirus pandemic sent Brent crude to $33.22 a barrel and EUAs below the 23-euro level
Crude oil futures ended sharply lower on Thursday after President Donald Trump imposed travel from Europe to the U.S. in an effort tackle the coronavirus pandemic.
read more... 13/03/2020
Daily (12.03.2020): British gas prices mostly bullish due to a stronger consumption, lower LNG send-out
Crude oil futures fell on Wednesday as Saudi Arabia and the United Arab Emirates have announced their intention to drastically increase their production of black gold at a time when demand is weakened by the spread of the coronavirus worldwide. Meanwhile, the World Health Organization declared the coronavirus an international pandemic.
read more... 12/03/2020
Daily (27.01.2020): Brent oil posted a 6.4% weekly decline on concerns of a possible global coronavirus pandemic
Oil prices posted their worst week since more than a year on Friday, on worries that the coronavirus will spread further in China, hurting demand for oil.
read more... 27/01/2020