Latest news
Daily (23.01.2024): Gas prices tumbled on Monday amid strong supply and forecasts of milder temperatures
Oil prices jumped by about 2% on Monday, supported by Red Sea tensions and weaker production in the US due to colder weather. Hence, Brent crude stabilized at $80.06, while WTI crude ended at $74.76 per barrel.
read more... 23/01/2024
Daily (22.01.2024): European carbon prices rose by 1% on Friday amid the strongest auction result in five months
Oil prices retreated marginally on Friday as the market downplayed the impact of Houthi rebel attacks in the Red Sea. Diminishing expectations of interest rate cuts lent further bearish pressure to the oil market. Consequently, Brent crude ended at $78.56, while WTI crude settled at $73.41 per barrel.
read more... 22/01/2024
Daily (19.01.2024): Oil prices jumped by about 2% on Thursday amid supply tightness fears
On Thursday, oil prices jumped by around 2%, driven by indications of tightening supply and escalating crisis in the Middle East. Market participants noted that an increasing number of ships avoiding the Red Sea were beginning to disrupt flows, adding additional pressure to the market. Thus, Brent crude settled at $79.10, while WTI crude ended at $74.08 per barrel, both contracts marking a 2% daily increase.
read more... 19/01/2024
Daily (18.01.2024): European carbon prices hit their lowest point in over two years on Wednesday amid intense selling pressure
Oil prices ended mixed for the second session in row on Wednesday as optimistic OPEC predictions tempered worries about worldwide demand for oil. As a result, Brent crude retreated by about 1% to settle at $77.69, while WTI crude edged 0.2% higher to end at $72.56 per barrel.
read more... 18/01/2024
Daily (17.01.2024): Gas and electricity forward contracts dropped on Tuesday amid comfortable supply levels, despite escalating tensions in the Middle East
Oil prices ended Tuesday with a mixed evolution as investors were cautious due to geopolitical tensions in the Middle East and amid a strong dollar. Hence, Brent crude advanced by about 0.2% to settle at $78.29, while WTI crude remained rather stable to bearish at $72.40 per barrel.
read more... 17/01/2024