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Daily (14.05.2021): Carbon prices retreated by 1.5% on Thursday amid profit-taking as well as weak gas prices
Oil prices slumped on Thursday, retreating from 2-month highs amid deepening India’s coronavirus crisis and the resumption of a key U.S. fuel pipeline. Hence, Brent crude dropped by 3.3% to settle at $67.05 a barrel. Meanwhile, U.S. WTI crude shed by 3.4% to $63.82 a barrel.
read more... 14/05/2021
Daily (13.05.2021): Carbon EUAs climbed by more than 4% on Wednesday, on strong auction results and investor interest
Oil prices increased on Wednesday, as crude inventories in the United States diminished slightly. Meanwhile, the tense situation at some American gas stations, after the shutdown of a major pipeline, lent additional support to prices. Hence, Brent oil was 1.1% up at $69.32 a barrel and WTI crude ended 1.2% higher at $66.08 a barrel.
read more... 13/05/2021
Daily (12.05.2021): European commodity market saw a bullish sentiment on Tuesday, with power and carbon prices at all-time highs
Oil markets saw small fluctuations on Tuesday, with the Brent crude edging marginally upwards by 0.3%, to end at $68.55 a barrel. Meanwhile, U.S. WTI crude rose by 0.6% to $65.28 a barrel.
read more... 12/05/2021
Daily (11.05.2021): Front-year European electricity prices rocketed at multi-year highs on Monday as carbon broke the 52 EUR/t mark
Oil markets lacked a clear direction on Monday, with the Brent and WTI crude climbing marginally at $68.32 a barrel and $64.92 a barrel despite a cyber-attack forcing the shutdown of major fuel pipelines in the United States. However, hopes of an upcoming general global demand recovery provided some upside pressure.
read more... 11/05/2021
EUAs hit an all-time high at around 51 EUR/t on Friday amid aggressive buying
Oil prices saw modest gains on Friday amid disappointing job report in the U.S. and despite the disastrous health situation in India, the world's third-largest consumer of oil. Hence, Brent crude added 0.3% to settle at $68.28 a barrel. Meanwhile, U.S. WTI crude settled at $64.90 a barrel, posting a 0.3% gain day-on-day.
read more... 10/05/2021