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Daily (16.05.2024): European carbon prices fell on Wednesday amid persistent selling pressure and reduction in investment funds' short position
Wednesday saw an uptick in oil prices, propelled by renewed optimism regarding the potential for China's economic recovery to stimulate demand for the remainder of the year. Hence, Brent crude settled 0.5% up at $82.75 per barrel, while WTI crude stood at $78.63 per barrel, increasing by about 1% day-on-day.
read more... 16/05/2024
Daily (15.05.2024): Oil prices declined by over 1% on Tuesday despite bullish OPEC outlook
Oil prices fell on Tuesday as signs of lower consumption in the US and a stronger dollar offset the risk premium associated with the Middle East situation and bullish OPEC outlook. As a result, Brent crude stood at $82.38 per barrel, while WTI crude settled slightly above $78 per barrel, with both contracts falling by more than 1% day-on-day.
read more... 15/05/2024
Daily (14.05.2024): Carbon prices fell at their lowest level since May 1st amid extended sell-offs
On Monday, oil prices rebounded after a series of Ukrainian strikes on Russian storage and refining sites, along with signs of strengthening demand in the United States. Hence, Brent crude slightly rose by 1% to $83.36 per barrel, and WTI crude increased by 1 % $79.12 per barrel.
read more... 14/05/2024
Daily (13.05.2024 ) : EUAs retreated from a 4-month high, exerting pressure on the entire energy complex
Oil prices retreated on Friday, on the back of ongoing peace talks in the Middle East region, despite positive economic data from China. Hence, Brent crude slightly decreased to $82.79 per barrel, and WTI crude fell to $78.26 per barrel.
read more... 13/05/2024
Daily (10.05.2024): European carbon prices rose by over 2% on Thursday, driven by technical trading activity
Oil prices ended slightly higher on Thursday following a decrease in crude oil inventories. Hence, Brent crude slightly rose by 0.4% to $79.26 per barrel. WTI crude reached $83.88 per barrel, gaining 0.3% day-on-day.
read more... 10/05/2024