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Daily (28.06.2021): Crude oil prices inched higher on Friday as global demand continue to rise
Oil prices rose to their highest since October 2018 on Friday as demand is expected to grow and it could outstrip supply. Moreover, OPEC+ will be prudent in returning more crude to the market from August. Thus, Brent crude gained 0.8% to settle at 76.18 $ a barel, while the U.S. crude WTI closed at $74.05 a barrel, or more than 1% higher.
read more... 28/06/2021
Daily (23.06.2021): EUAs climbed above 53 EUR/tonne on Tuesday, bolstered by strong gas, coal prices
Crude oil futures retreated on Tuesday, with Brent crude rathe flat following a day with no major events. However, expectations that OPEC+ may decide to further boost crude production starting in August added further pressure on oil prices. Hence, Brent crude steadied at $74.81 a barrel. At the same time, U.S. WTI crude decreased by 1.1% to $72.85 a barrel.
read more... 23/06/2021
Daily (11.06.2021): British gas prices continued to rise amid a short system and carbon optimism
Oil prices rallied on Thursday after OPEC released an upbeat monthly report, showing that the recovery in global economic growth and oil demand is expected to accelerate in the second half of the year. In this context, Brent crude edged 0.4% higher at $72.52 a barrel, while the American WTI crude closed 0.5% up at $70.29 a barrel, or their highest levels since 2019 and October 2018 respectively.
read more... 11/06/2021
Daily (07.06.2021): Brent crude approached $72 a barrel on Friday amid prospects of solid demand and OPEC+ supply discipline
Crude oil futures increased on Friday, with Brent crude approaching $72 a barrel for the first time since 2019 amid prospects of solid demand and after OPEC+ has decided not to change its production planning for July, and instead will limit itself to a continuation of the previously decided gradual increase. Hence, Brent crude rose by 0.8% to settle at $ 71.89 a barrel. Meanwhile, U.S. WTI crude moved 1.2% higher at $69.62 a barrel.
read more... 07/06/2021
Daily (03.06.2021): Brent crude hit a nearly two-year high on Wednesday amid improving demand prospects
Oil prices continue to rise on Wednesday as expectations that global demand will increase, nourished by traders’ optimism. Moreover OPEC+ group decision to stick to their plan to gradually restore supply lent further support to prices. Thus, Brent crude posted a 1.6% gain to settle at $71.35 a barrel, hitting its highest level in nearly two years. At the same time, the American WTI rose by more than 1.6% to end $68.83 a barrel or its highest level since 2018.
read more... 03/06/2021