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Daily (11.09.2020): Carbon prices spiked on Thursday after European Parliament’s environment committee vote
US industry report showed a significant build in stockpiles on Thursday, weighing on oil prices. In addition a slide in gasoline and distillate demand also put pressure on crude market. Thus, Brent crude ended 1.8% lower to settle at $40.06 a barrel. Meanwhile, the American WTI dropped nearly 2% to $37.30 a barrel.
read more... 11/09/2020
Daily (10.09.2020): German spot power price surged by around 30% on Wednesday due to weaker renewables generation
Crude oil futures soared on Wednesday as traders showed hopes for a steady recovery in global demand.
read more... 10/09/2020
Daily (09.09.2020): Oil prices tumbled to their lowest level since June on Tuesday amid Saudi price cut, COVID-19 surge
Crude oil futures tumbled to their lowest settlement since June on Tuesday, with Brent plunging below $40 amid a persistent surge in coronavirus cases worldwide and after Saudi Arabia decided to cut its oil prices in October. The end of U.S. summer holiday driving season added further pressure on U.S. WTI price. Hence, Brent crude for November delivery fell by 5.3% to close at $39.78 a barrel. At the same time, U.S. WTI crude plummeted by 5.9% to end at $36.76 a barrel.
read more... 09/09/2020
Daily (08.09.2020): European carbon prices plummeted to two-weeks low on Monday amid expectations for hefty auction
Crude oil futures fell on Monday after Saudi Aramco slashed its October official selling prices for crude supplies to Asia and the U.S. As a result, Brent crude for November 2020 delivery dropped by 1.5% to settle at $42.01 a barrel. At te same time, U.S.WTI crude shed by 1.7% to end at $39.08 a barrel.
read more... 08/09/2020
Daily (07.09.2020): WTI spot dipped by around 4% on demand concerns
Oil prices tumbled on Friday, as Covid-19 crisis continues to weigh on oil consumption at a time when OPEC group and its allies are easing historic output cuts. Hence, Brent crude for November delivery fell by 3.2% to settle at $42.66 a barrel. While, WTI crude traded 3.9% lower at $39.77 a barrel.
read more... 07/09/2020