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Daily (11.01.2022): EUAs dropped by 6% on Monday as auction supply resumed
Crude oil prices lost ground on Monday as supply issues in Kazakhstan and Libya attenuated, with traders watching the impact of coronavirus outbreaks in China. Hence, Brent crude fell by 88 cents, or 1.1%, to settle at $80.87 a barrel. U.S. West Texas Intermediate (WTI) crude decreased by 67 cents, or 0.9%, to end at $78.23.
read more... 11/01/2022
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Daily (08.12.2021): EUAs saw a fierce rally of above 84 EUR/t on Tuesday amid increased buying activity before options expiry, cold weather, strong gas
Crude oil prices extended gains on Tuesday amid receding fears of the South African coronavirus variant, dubbed as Omicron.Hence, Brent crude soared by $2.36, or 3.2%, to settle at $75.44 a barrel. U.S. WTI crude spiked by $2.56, or 3.7%, to end at $72.05.
read more... 08/12/2021
Daily (03.12.2021): EUAs hit a new record level close to 80 EUR/tonne on Thursday
Crude oil prices rebounded on Thursday after OPEC+ surprised the market yesterday choosing to stick to its plan of increasing oil output by 400 000 barrels per day in January. Hence, Brent crude rose by 80 cents, or 1.2%, to settle at $69.67 a barrel. U.S. WTI crude increased by 93 cents, or 1.4%, to end at $66.50 a barrel.
read more... 03/12/2021
Daily (22.09.2021): British gas prices retreated on Tuesday amid low demand from power sector, weaker EUAs
Oil prices settled modestly higher on Tuesday, supported by a lower U.S. Dollar Index and expectations for a weekly drop in U.S. crude inventories, a day after a broad selloff attributed to jitters about the impact of a default by Chinese property giant Evergrande. However, the pessimistic growth forecasts from the Organization for Economic Cooperation and Development (OECD) limited the gains. Hence, Brent crude rose by 0.6% to $74.36 a barrel. U.S. WTI crude added 0.3% to end at $70.49 a barrel.
read more... 22/09/2021
Daily (17.08.2021): EUAs strongly rebounded on Monday amid a bullish energy complex
Crude oil prices eased on Monday after data showed Chinese factory output and retail sales growth slowed sharply in July due to new restrictions. However, sources said that OPEC and its allies believe the markets do not need more oil than they plan to release in the coming months, limiting losses. As such, Brent crude fell by 1.7% to settle at $67.29 a barrel. At the same time, the American WTI lost 1.6% at $69.51 a barrel.
read more... 17/08/2021