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Daily (25.06.2021): Brent crude hovers at its highest level since October amid signs of strengthening demand
Oil prices ended modestly higher on Thursday, with Brent crude extending its rise to the highest price since October 2018 amid signs of strengthening demand and accelerating German economic activity. WTI crude was supported by drawdowns in U.S. inventories. Hence, Brent crude inched 0.5% higher at $75.56 a barrel. U.S. WTI crude rose by 0.5% to $73.30 a barrel.
read more... 25/06/2021
Daily (24.06.2021): The German day-ahead power price extended its 4-year high on forecasts for less wind generation
Crude oil prices advanced on Wednesday, as the EIA weekly report showed another drop in US crude reserves. Hence, Brent oil gained 0.5% to settle at $75.19 a barrel, while WTI crude edged 0.3% up at $73.08 a barrel.
read more... 24/06/2021
Daily (23.06.2021): EUAs climbed above 53 EUR/tonne on Tuesday, bolstered by strong gas, coal prices
Crude oil futures retreated on Tuesday, with Brent crude rathe flat following a day with no major events. However, expectations that OPEC+ may decide to further boost crude production starting in August added further pressure on oil prices. Hence, Brent crude steadied at $74.81 a barrel. At the same time, U.S. WTI crude decreased by 1.1% to $72.85 a barrel.
read more... 23/06/2021
Daily (22.06.2021): British near-term gas prices rallied at multi-year record highs on Monday amid outages in Norway, weak LNG send-outs
Crude oil futures soared on Monday amid inconclusive nuclear talks between world powers and Iran - which has elected a new hardline president - allaying prospects for a swift revival of the Islamic Republic’s crude exports. Hence, Brent crude increased by 1.9% to settle at $74.90 a barrel. Meanwhile, U.S. WTI crude surged by 2.8% to end at $73.66 a barrel.
read more... 22/06/2021
Daily (21.06.2021): CO2 prices gained 2% on Friday, tracking stronger energy markets
Crude oil prices increased on Friday, lifted by favorable outlooks for black gold demand. Despite a stronger US dollar and renewed Covid-19 concerns, Brent oil edged 0.6% higher at $73.51 a barrel, and WTI crude rose by 0.8% to $71.64 a barrel.
read more... 21/06/2021