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Daily (12.01.2020): British gas prices continued to soar on Monday despite weakness among other energy commodities
Crude oil futures ended little changed on Monday as continuing concerns about demand being hit hard by lockdown measures and a stronger U.S. dollar overshadowed other optimistic prospects. Hence, Brent crude lost 33 cents, or 0.6%, to settle at $55.66 per barrel. Meanwhile, U.S. WTI crude steadied at $52.25 per barrel.
read more... 12/01/2021
Daily (11.01.2021): Crude oil prices strengthened by 3% on Friday to hit 11-month highs
Crude oil prices were bullish on Friday, reaching 11-month highs, supported by signals of tightening global supply. Thanks in part to production cuts by OPEC+ members, Brent crude surged by 3% to $55.99 a barrel, while WTI oil closed 2.8% higher at $52.24 a barrel.
read more... 11/01/2021
Daily (08.01.2020): European carbon prices approached 35 EUR on Thursday, hitting a new all-time high amid a strong energy complex
Crude oil prices were rather flat on Thursday, but remained at 11-month peaks, as investors focused on recent OPEC+ agreement to curb output instead of political turmoil in the United States. Hence, Brent crude added 0.2% to end at $54.38 a barrel. Meanwhile, U.S. WTI crude gained 0.4% to finish at $50.83 per barrel.
read more... 08/01/2021
Daily (07.01.2020): Oil prices ended at their highest levels since February after a surprise Saudi output cut
Oil prices continued to climb on Wednesday, hitting the highest levels since late February 2020 after Saudi Arabia announced a major cut in black gold production. Meanwhile, a larger-than-expected US crude inventory draw added further support to oil prices. Hence, Brent crude rose by 70 cents, or 1.3%, to settle at $54.30 a barrel. U.S. WTI crude settled 70 cents higher, or 1.4%, to end at $50.63 a barrel.
read more... 07/01/2021
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Daily (06.01.2020): Oil prices surged by about 5% on Tuesday amid OPEC output deal, Iran tensions
Crude oil futures rallied on Tuesday, after OPEC+ reached an agreement on production curbs starting in February, with Saudi Arabia voluntarily taking on a larger reduction. Continuing tensions over Iran’s seizure of a South Korean vessel brought further support to oil prices. Hence, Brent crude jumped by $2.51, or 4.9%, to settle at $53.60 a barrel. Meanwhile, U.S. WTI crude surged by $2.31, or 4.9%, to close at $49.93 a barrel.
read more... 06/01/2021