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Daily (27.07.2020): European CO2 prices dropped by over 3.5% on Friday, due to falling equity markets and weak auction activity.
Oil prices added slight momentum on Friday, supported by Euro zone business activity growth in July. In this context, the International benchmark, Brent crude settled 0.1% higher at $43.34 a barrel. Similarly, WTI crude rose by 0.5%, to settle at $41.29 a barrel, due to a rise in U.S. business activity to a six-month high in July.
read more... 27/07/2020
Daily (24.07.2020): Crude oil prices fell by about 2% on Thursday amid coronavirus demand concerns, weak U.S. jobs numbers
Crude oil futures continued to fall on Thursday, dragged down by data showing a surprise rise in U.S. crude stockpiles, renewed tensions between the United States and China, as well as the growth of U.S. jobless rate. However, the alarming increase of the U.S. coronavirus cases added further pressure on oil prices. Consequently, Brent crude for September delivery fell by 98 cents or 2.2%, to settle at $43.31 per barrel. Meanwhile, U.S. WTI crude declined by 83 cents or 2%, to close at $41.07 per barrel.
read more... 24/07/2020
Daily (23.07.2020): French spot power eyed 4.6% gains due to less solar and wind output
Oil prices declined slightly on Wednesday, as U.S. crude inventories rose surprisingly, while demand dropped on worsening relations between Washington and Beijing. Hence, Brent crude fell to $44.29 a barrel. The American benchmark WTI crude edged lower at $41.90 a barrel.
read more... 23/07/2020
Daily (22.07.2020): Oil prices rallied to their highest levels since early March amid EU stimulus deal, vaccine hopes
Crude oil futures rallied to their highest levels since 6 March amid positive news about the world’s ability to address the COVID-19 pandemic and the unprecedented EU stimulus package to support economies hit by the pandemic. Hence, Brent crude for September delivery soared by $1.04, or 2.4%, to settle at $44.32 barrel. At the same time, U.S. WTI crude surged by 4%, to end at $41.92 a barrel.
read more... 22/07/2020
Daily (21.07.2020): German Cal’21 dropped to 2-week low on Monday amid a bearish energy complex
Crude oil prices diverged on Monday, with U.S. WTI crude remaining anchored near $40 a barrel as players got caught between the continued surge in U.S. coronavirus cases and news indicating progress in COVID-19 vaccine. Brent crude for September delivery added 0.3%, to settle at $43.28 a barrel, supported by hopes that EU leaders will agree on a recovery fund. Meanwhile, U.S. WTI crude declined by 0.7%, to end at $40.29 a barrel.
read more... 21/07/2020