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EUAs hit an all-time high at around 51 EUR/t on Friday amid aggressive buying
Oil prices saw modest gains on Friday amid disappointing job report in the U.S. and despite the disastrous health situation in India, the world's third-largest consumer of oil. Hence, Brent crude added 0.3% to settle at $68.28 a barrel. Meanwhile, U.S. WTI crude settled at $64.90 a barrel, posting a 0.3% gain day-on-day.
read more... 10/05/2021
Daily (07.05.2021): German power prices ended at multi-year highs on Thursday amid record CO2, bullish fuels
Oil prices reversed earlier gains on Thursday amid surging COVID-19 infections in India, but a report a day earlier indicating a large drop in the U.S. crude stockpiles hold the fall in check. Hence, Brent crude settled 1.3% lower at $68.09 a barrel. Meanwhile, US WTI crude declined by 1.4% to close at $64.71 a barrel.
read more... 07/05/2021
Daily (04.05.2021): EUAs rallied towards 50 EUR/tonne on Monday amid continuing speculation
Crude oil prices started the week on a front foot, as strong economic figures from China and a rapid coronavirus vaccination pace in the US overshadowed the concerns over increasing virus figures in India. Hence, Brent crude added 0.55 to settle at $67.56 a barrel. Meanwhile, U.S. WTI crude increased by 1.4% to close at $64.69 a barrel.
read more... 04/05/2021
Daily (03.05.2021): Oil prices dropped by 2% on Friday, weighed by profit-taking and India’s pandemic situation
Crude oil prices ended lower on Friday, weighed by the Covid-19 situation in India and fears for black gold demand. Meanwhile, profit-taking after three sessions of gains also put pressure on prices. As a result, Brent crude fell by 1.9% to $67.25 a barrel, and WTI oil ended 2.2% down at $63.58 a barrel.
read more... 03/05/2021
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