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Daily (05.02.2024): Oil prices extended losses on Friday amid surging U.S. employment concerns and Fed policy worries
Oil prices extended losses on Friday, with the market under pressure of a higher-than-expected U.S. employment figure, sparking concerns that the Fed may keep its tight policy in place longer than initially expected. Consequently, Brent crude declined by about 2% to settle at $77.33, while WTI crude tumbled by over 2% to settle at $72.28 per barrel.
read more... 05/02/2024
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EU Commission looks into Germany's natural gas levy
The European Commission has asked the EU's energy regulator ACER to examine whether a tariff Germany added to its natural gas exports distorts the bloc's single market in a possible breach of competition rules, three sources close to the matter said.
read more... 29/01/2024
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EU electricity prices: Will 2024 mark the end of national tariff shields?
Electricity prices on the EU wholesale market have been on a downward trend in recent months, a development some governments see as an opportunity to remove subsidies introduced in response to the energy crisis, while others see as a bad signal for the energy transition.
read more... 26/01/2024
Daily (22.01.2024): European carbon prices rose by 1% on Friday amid the strongest auction result in five months
Oil prices retreated marginally on Friday as the market downplayed the impact of Houthi rebel attacks in the Red Sea. Diminishing expectations of interest rate cuts lent further bearish pressure to the oil market. Consequently, Brent crude ended at $78.56, while WTI crude settled at $73.41 per barrel.
read more... 22/01/2024
Daily (19.01.2024): Oil prices jumped by about 2% on Thursday amid supply tightness fears
On Thursday, oil prices jumped by around 2%, driven by indications of tightening supply and escalating crisis in the Middle East. Market participants noted that an increasing number of ships avoiding the Red Sea were beginning to disrupt flows, adding additional pressure to the market. Thus, Brent crude settled at $79.10, while WTI crude ended at $74.08 per barrel, both contracts marking a 2% daily increase.
read more... 19/01/2024