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Daily (30.03.2022): British gas prices moved upwards on Tuesday amid fears of a Russian shutdown of gas supply to the EU
Oil prices retreated on Tuesday as talks between Russia and Ukraine to end their weeks-long conflict progressed, though Moscow negotiators said a promise to scale back some military operations did not constitute a ceasefire. New lockdowns in China put additional pressure on oil prices. Hence, Brent crude declined by 2%, to settle at $110.23 a barrel. US WTI crude decreased by 1.6%, to close at $104.24 a barrel.
read more... 30/03/2022
Daily (29.03.2022): Oil prices dropped by 7% on Monday amid lockdown in China
Crude oil prices dropped sharply on Monday after China, the second-largest oil consumer and largest importer began a Covid-19 lockdown in financial and manufacturing hub Shanghai, raising fears of demand destruction. Hence, Brent crude fell by $8.17, or 6.8%, to settle at $112.48 a barrel. U.S. WTI crude slumped by $7.94, or about 7%, to settle at $105.96 a barrel.
read more... 29/03/2022
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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 (30.12.2021): Oil prices extended gains on Wednesday, after another decrease in weekly US crude stocks
Oil prices increased for a third session in a row on Wednesday, supported by a further drop in US crude reserves. However, the possible impact of the Omicron variant, new lockdowns and travel restrictions, are limiting gains. Brent oil edged 0.4% up, settling at $79.23 a barrel. WTI crude gained 0.8% at $76.56 a barrel.
read more... 30/12/2021
Daily (21.12.2021): European spot electricity prices skyrocketed on Monday amid cold weather, weak renewable output
Crude oil prices opened the week bearishly amid new lockdown measures taken by several countries to battle the Omicron mutation. Hence, Brent crude shed by 2.7% to settle at $71.52 a barrel. U.S. WTI crude droped by 2.7% to close at $68.61 a barrel.
read more... 21/12/2021