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Daily (24.11.2021): British gas prices spiked on Tuesday amid U.S. new sanctions on Nord Stream 2
Oil prices soared to hit one-week high on Tuesday as the statement by President Joe Biden that the administration will tap the Strategic Petroleum Reserve to calm 2021′s rapid rise in fuel prices fell short of some expectations. Hence, Brent crude increased by $2.61, or 3.3%, to settle at $82.31. U.S. WTI crude climbed by $1.75, or 2.3%, to settle at $78.50 a barrel.
read more... 24/11/2021
Daily (18.11.2021): Oil prices lost around 3% on Wednesday, due to dollar strength and fears of the US tapping into strategic reserves
Oil prices declined on Wednesday, pressured by a stronger US dollar and continued concerns of drawdowns from strategic crude reserves. Consequently, Brent oil fell by 2.6% to $80.28 a barrel and WTI crude dropped by 3% to $78.36 a barrel.
read more... 18/11/2021
Daily (15.11.2021): Oil prices fell by nearly 1% on Friday, weighed by forecasts of lower demand and rumors of tapping into strategic reserves
Oil prices retreated on Friday, on rumors of potential withdrawals from US strategic reserves and OPEC data suggesting a slowdown in demand growth for the end of 2021. As a result, Brent oil lost 0.8% at $82.17 a barrel and WTI crude fell by 1% to $80.79 a barrel.
read more... 15/11/2021
Daily (08.11.2021): Oil prices lost around 3% on Friday, as the effect from reports of countries delving into strategic reserves wore off
Oil prices recovered ground on Friday, as market participants doubted the prospects of countries, such as the US, tapping into strategic reserves to relieve prices. As a result, Brent oil strengthened by 2.7% to $82.74 a barrel and WTI crude surged by 3.1% to $81.27 a barrel.
read more... 08/11/2021
China to speed up tapping new energy sources, but coal stays in mix
China set a modest five-year growth target on Friday for its nuclear power generation capacity and promised quicker development of alternative energy sources as it seeks to cut its carbon footprint, but left its coal industry largely untouched.
read more... 05/03/2021