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Daily (20.10.2021): Brent crude closed above $85 a barrel for first time since October 2018 amid lingering supply crisis
Crude oil prices climbed to fresh multi-year highs on Tuesday amid persistent global supply squeeze, while falling temperatures in China revived concerns over whether the world's biggest energy consumer can meet domestic heating needs. Hence, Brent crude rose by 0.9% to settle at $ 85.08 a barrel, the highest level since October 2018. U.S. WTI crude added 52 cents to settle at $82.96 a barrel, posting a fresh seven-year high.
read more... 20/10/2021
Daily (19.10.2021): British gas prices soared on Monday as pipeline auctions disappoint
Oil prices diverged, pairing multi-year highs on Monday amid a fall in US industrial production in September along with weaker GDP numbers from China. Hence, Brent crude lost 0.6% to settle at $84.33 a barrel. U.S. WTI crude settled 0.2% higher, at $82.44 a barrel.
read more... 19/10/2021
Daily (01.10.2021): British gas prices saw an unstoppable rally on Thursday amid supply fears ahead of the coming winter
Crude oil prices diverged but ended little changed on Thursday as a report showing China is ready to buy more oil to meet energy demand counterbalanced price pressure from an unexpected rise in U.S. crude inventories and a strong dollar. Hence, Brent crude steadied at $78.52 a barrel. U.S. WTI crude rose by 0.3% to $75.03 a barrel.
read more... 01/10/2021
Daily (21.09.2021): European power curve surged on Monday as gas rally shows no let-up
Crude oil prices retreated on Monday amid concerns over slowing economic growth in China, highlighted by a debt crisis faced by property developer Evergrande. Moreover, investors grew more risk averse, which hurt stock markets and spurred the U.S. dollar, making oil more expensive for holders of other currencies. Hence, Brent crude fell by $1.42, or 1.9%, to settle at $73.92 a barrel. U.S. WTI crude declined by $1.68, or 2.3%, to end at $70.29 a barrel.
read more... 21/09/2021
Daily (10.09.2021): Gas markets extended record highs on Thursday, due to persisting supply concerns ahead of winter season
Oil prices fell on Thursday, following the announcement that China started using its internal strategic crude reserves in order to counteract the rising energy prices. Despite a drop in US crude and gasoline stocks, Brent oil lost 1.6% to end at $71.45 a barrel. WTI crude closed 1.7% lower at $68.14 a barrel.
read more... 10/09/2021