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Daily (08.09.2020): European carbon prices plummeted to two-weeks low on Monday amid expectations for hefty auction
Crude oil futures fell on Monday after Saudi Aramco slashed its October official selling prices for crude supplies to Asia and the U.S. As a result, Brent crude for November 2020 delivery dropped by 1.5% to settle at $42.01 a barrel. At te same time, U.S.WTI crude shed by 1.7% to end at $39.08 a barrel.
read more... 08/09/2020
Daily (07.09.2020): WTI spot dipped by around 4% on demand concerns
Oil prices tumbled on Friday, as Covid-19 crisis continues to weigh on oil consumption at a time when OPEC group and its allies are easing historic output cuts. Hence, Brent crude for November delivery fell by 3.2% to settle at $42.66 a barrel. While, WTI crude traded 3.9% lower at $39.77 a barrel.
read more... 07/09/2020
Daily (04.09.2020): Oil prices fell on Thursday, with Brent at its lowest settlement since July 31 amid gloomy demand outlook
Crude oil prices extended losses on Thursday amid persistent concerns about the demand outlook a day after weak U.S. gasoline demand data. The market picture remains focused on muted demand growth in the United States and elsewhere, while global producers began to bring more supply into the market last month. In this context, Brent crude for November delivery declined slightly by 36 cents, or 0.8%, to settle at $44.07 a barrel, the lowest settlement since July 31. U.S. WTI crude for October delivery lost 14 cents, or 0.3%, to close at $41.37 a barrel, the lowest level since August 7.
read more... 04/09/2020
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Daily (03.09.2020): A sharp drop in German spot power price on lower demand
Oil prices eased on Wednesday due to lower gasoline demand in the United States, an indication that economic recovery from the Covid 19 crises may be slower than expected. Hence, Brent crude for November delivery fell 2.5% to settle at $44.43 a barrel. At the same time, WTI crude for October delivery dipped by around 3% to $41.51 a barrel.
read more... 03/09/2020
Daily (02.09.2020): EUAs fell by over 3% on Tuesday amid full-sized auctions resumption
Oil prices ended slightly higher on Tuesday, supported by persisting weak dollar and indicators showing a good performance in manufacturing activity in China and the United States. Moreover, foreacsts for a sixth weekly drawdown in U.S. crude stockpiles added further support to oil prices. Hence, Brent crude for November delivery rose by 30 cents, or 0.7% to settle at $45.58 a barrel. At the same time, U.S. WTI crude for October delivery added 15 cents, or 0.4%, to end at $42.76 a barrel.
read more... 02/09/2020