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Daily (17.08.2022): Brent crude slipped towards $92 a barrel for the first time since 18 February amid weak economic data
Crude oil prices continued to lose ground, to hit their lowest level since before Russia's invasion of Ukraine, mainly due to a combination of a worsening demand outlook and the prospect of Iran pumping more oil. Hence, Brent crude fell by $2.76, or 2.9%, to settle at $92.34 a barrel. WTI crude shed by $2.88, or 3.2%, to settle at $86.53 a barrel.
read more... 17/08/2022
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Daily (17.06.2022): European power curve prices surged on Thursday amid gas cut fears
Crude oil prices increased to their highest levels in over a week in choppy trade on Thursday as traders assessed the prospect of more rate hikes against persistently tight supplies. New sanctions by United States on Iran lent further support. Hence, Brent crude rose by 1.1% to $119.81 a barrel. US WTI crude increased by 2%, to end at $117.58 a barrel.
read more... 17/06/2022
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Daily (16.03.2022): Oil prices fell below $100 a barrel on Tuesday amid China lockdown, hopes for a nuclear deal
Crude oil prices fell below $100 a barrel on Tuesday after China, the world’s largest oil importer, imposed new lockdowns to fight against an outbreak of the coronavirus, move which could jeopardize demand. Suggestions that Russia could allow the revival of the nuclear deal with Iran to go ahead put further downward pressure on prices. Hence, Brent crude shed by 6.5% to settle at $99.91 a barrel. U.S. WTI crude dropped by 6.4% to end at $96.44 a barrel.
read more... 16/03/2022
Daily (07.03.2022): Crude oil surged to new multi-year highs on Friday amid supply fears
Crude oil prices surged to multi-year fresh highs on Friday amid ongoing supply worries as traders avoided buying Russian oil products, outweighing optimism about Iran nuclear deal. Hence, Brent crude spiked by 6.9% to settle at $118.11 a barrel., its highest level since February 2013. U.S. WTI crude soared by 7.4% to end at $115.68 a barrel, its highest finish since September 2008.
read more... 07/03/2022
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Daily (04.03.2022): Oil prices saw a downward correction on Thursday amid hopes of a nuclear deal between Iran and the US
Oil prices retreated from a decade high on Thursday amid hopes of a nuclear deal between Iran and the US. Hence, Brent crude decreased by $2.47, or 2.2%, to settle at $110.46 a barrel. U.S. WTI crude fell by $2.93, or 2.6%, to end at $107.67 a barrel.
read more... 04/03/2022