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Daily (30.04.2021): Crude oil prices rose nearly 2% on Thursday, supported by worldwide economic recovery optimism
Crude oil prices strengthened further on Thursday, following optimism from economies around the world recovering from the pandemic and in turn boosting demand for black gold. Thus, Brent crude gained 1.9% to $68.56 a barrel, while WTI oil ended 1.8% up at $65.01 a barrel.
read more... 30/04/2021
Daily (29.04.2021): Carbon EUAs climbed by 1% on Wednesday supported by a bullish energy complex
Oil prices strengthened on Wednesday, supported by positive consumption data for black gold in the United States. Despite a slight increase in US crude inventories, according to the EIA’s weekly report, Brent oil gained 1.3% to $67.27 a barrel and WTI crude rose by 1.5% to $63.86 a barrel.
read more... 29/04/2021
Daily (28.04.2021): Strong demand, cold weather and strong fuels market provided support to British gas prices on Tuesday
Crude oil prices rose on Tuesday despite OPEC+ decision to increase output slightly from next week and surging coronavirus infection rate in India. Hence, Brent crude increased by 1.2% to settle at $66.42 a barrel. Meanwhile, U.S. WTI crude soared by 1.7% to close at $62.94 a barrel.
read more... 28/04/2021
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OPEC+ sticks to plan to ease crude oil output cuts from May 1
OPEC, Russia and their allies will stick to plans for a phased easing of oil production restrictions from May to July amid upbeat forecasts for a recovery in global demand and despite surging coronavirus cases in India, Brazil and Japan.
read more... 28/04/2021
Daily (27.04.2021): Oil prices ended with a slightly bearish sentiment on Monday amid increasing COVID-19 figures in Asia
Crude oil prices corrected slightly lower on Monday as the resurgence of COVID-19 cases in Japan and India set a sour tone for oil trading. The losses were limited after OPEC+ joint technical committee (JTC) has kept its forecast for growth in global oil demand this year. Hence, Brent crude slipped by 0.7% to $65.65 a barrel. Meanwhile, U.S. WTI crude eased by 0.4% to $61.91 a barrel.
read more... 27/04/2021