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Daily (28.05.2024): Oil prices gained over 1% on Monday ahead of the OPEC meeting this week
Oil prices increased by over 1% on Monday, impacted by forecasts of extended production cuts ahead of OPEC+ meeting. Hence, Brent crude stood at $83.10 per barrel, while WTI crude settled at $78.72.
read more... 28/05/2024
Daily (22.05.2024): European carbon prices hit a four-month high on Tuesday amid strong demand and bullish gas prices
Oil prices extended losses on Tuesday, in a market that shrugged off geopolitical risk and focused on the absence of supply disruptions, OPEC's supply capacity and Fed vice-president speeches. As a result, Brent crude dropped by about 1% to close at $82.88 a barrel, while WTI crude lost 1.4% to settle at $79.80 per barrel.
read more... 22/05/2024
Daily (15.05.2024): Oil prices declined by over 1% on Tuesday despite bullish OPEC outlook
Oil prices fell on Tuesday as signs of lower consumption in the US and a stronger dollar offset the risk premium associated with the Middle East situation and bullish OPEC outlook. As a result, Brent crude stood at $82.38 per barrel, while WTI crude settled slightly above $78 per barrel, with both contracts falling by more than 1% day-on-day.
read more... 15/05/2024
Daily (13.03.2024): Oil prices experienced a modest decline on Tuesday due to inflation and OPEC worries
On Tuesday, oil prices saw a slight decrease due to a higher than anticipated US inflation index, coupled with rising concerns over the compliance with OPEC production cap. Brent crude fell by 0.3% at $81.92 a barrel, while WTI crude slipped by 0.4% to $77.56 a barrel.
read more... 13/03/2024
Daily (08.03.2024): Forward gas prices tumbled by over 2% on Thursday amid ample supply and high inventory levels
Oil prices exhibited a stable-to-bearish trend on Thursday due to consistent demand from Asia, despite possible supply disruptions caused by OPEC+ decision and the ongoing political turmoil in the Middle East. As a result, Brent crude remained steady at $82.96, while WTI Crude experienced a slight decrease of approximately 0.3% to settle slightly below $79.
read more... 08/03/2024