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Daily (07.02.2019): EU carbon prices surged by over 2% on Wednesday, buoyed by rising power prices and a gap in the auction calendar
Wednesday saw slight gains in oil prices due to a strong U.S. demand for distillate products and a prevailing shortage in the global crude supply. However, gains were capped amidst a stronger U.S. dollar and persisting concerns over a global economic slowdown. Brent crude was up 1.2% at 62.69 USD/bbl, while WTI crude rose by 0.7% to close at 54.01 USD/bbl.
read more... 07/02/2019
Daily (06.02.2019): Brent crude dropped by nearly 1% on stronger dollar and concerns over a global economic slowdown
Oil prices continued the bearish trend on Tuesday, as concerns over a global economic slowdown stepped in. At the same time, a stronger dollar also put pressure on crude futures. Brent crude fell by 0.9% to 61.98 USD/bbl, while WTI crude dipped by 1.7% to close at 53.66 USD/bbl.
read more... 06/02/2019
Daily (05.02.2019): EU carbon prices soared by almost 5% on Monday, ahead of an industry conference this week.
Oil prices saw a small drop on Monday influenced by the recent positive sentiment that China-U.S. relations will reach a comprehensive trade deal. However, losses were limited by OPEC supply cuts and U.S Sanctions on Venezuelan oil exports. As a result, Brent crude fell by 0.4% to 62.51 USD/bbl, while WTI crude dropped by 1.3% to settle at 54.56 USD/bbl.
read more... 05/02/2019
Daily (04.02.2019): Oil prices rose by 1.4% on Friday, amidst bullish U.S. jobs data and sanctions on Venezuelan exports
Oil prices inched up on Friday as U.S. data showed upbeat job growth figures. At the same time, U.S sanctions on Venezuelan oil exports and news that oil drillers will cut production also supported prices. Brent crude rose by 1.4% to 62.75 USD/bbl, while WTI crude hiked by 2.7% to settle at 55.26 USD/bbl
read more... 04/02/2019
Daily (01.02.2019): EU carbon prices plunged by 3.4% on Thursday, amid weaker power prices and ahead of the German auction restart
Oil spot prices were mixed on Thursday. WTI crude declined by 0.8% to settle at 53.79 USD/bbl, on continued concerns over a sluggish global economic growth. Meanwhile, Brent crude rose by 0.4% to close at 61.65 USD/bbl, following data showing a drop in Saudi Arabia’s crude supply to the United States and the recently imposed U.S. sanctions on Venezuelan exports.
read more... 01/02/2019