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Daily (12.09.2018): Brent crude soared by 2.2% on Tuesday, due to stronger demand ahead of November sanctions
Strong demand pushed crude prices higher on Tuesday, because President Donald Trump announced that starting from November 4th Iranian crude buyers will stop their purchases. Accordingly, Brent crude traded 2.2% higher at $79.06 a barrel. Meanwhile, WTI crude price increased by 2.5% to $69.25 a barrel.
read more... 12/09/2018
Daily (11.09.2018): UK gas contracts hit new peaks on Monday, due to an undersupplied system and bullish carbon markets
Oil crude futures continued to rise on Monday, as a decline in exports from Iran ahead of the November deadline for the implementation of new U.S. sanctions supported prices. Brent crude traded 0.7% higher at $77.37 a barrel. However, WTI crude dropped by 0.3% to $ 67.54 a barrel, because of higher U.S. inventories.
read more... 11/09/2018
Daily (10.09.2018): Carbon contracts posted a 10% weekly gain on Friday
Friday saw a steady evolution in oil prices, with U.S. crude dropping on weak global equity markets, while Brent saw an upward trend due to geopolitical factors, including violent protests in the southern Iraqi city of Basra. Brent crude price rose by 0.4% to close at $76.83 a barrel, resulting in a 0.8% decrease for the week. In spite of the fact that Iraqi protesters entered a 400,000 barrel per day oilfield facility operated by Lukoil and held two staff members hostage, WTI crude insignificantly slipped to trade at $67.75 a barrel.
read more... 10/09/2018
Daily (07.09.2018): Carbon Contracts gained more than 5% on Thursday, due to limited allowance supply
Oil crude prices extended losses on Thursday, on worries about China’s demand amid growing trade disputes. Moreover, gasoline and distillate stocks at Cushing, Oklahoma delivery hub were at their highest level in four years, pressuring prices. Brent crude decreased by 1% to close at $76.50 a barrel, while WTI crude slumped by 1.4% to $67.77 a barrel.
read more... 07/09/2018
Daily (06.09.2018): Brent crude lost more than 1% on Wednesday, amid trade tensions between China and U.S.
Oil crude prices slipped on Wednesday, on fears over the demand, as trade disputes between U.S. and China intensified, and potential new sanctions on $200 billion of Chinese imports might be imposed. Brent crude closed 1.2% down at $77.27 a barrel, while WTI crude slumped by 1.7% to $68.72 a barrel.
read more... 06/09/2018