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Daily (28.05.2021): CO2 prices fell by over 3% on Thursday amid a weak complex, the release of UK ETS
Crude oil prices increased on Thursday, with Brent crude trading just below $70 a barrel as the potential of increased Iranian supply due to the lifting of US sanctions on the country was not been able to offer any direction to the market. Hence, Brent crude rose by 0.9% to settle at 69.46 a barrel. Meanwhile, U.S. WTI crude moved 1% higher at 66.85 a barrel.
read more... 28/05/2021
Daily (27.05.2021): Oil prices continued to rise on Wednesday amid lower U.S. crude inventories
The Energy Information Administration reported on Wednesday that U.S. crude inventories dropped by 1.7 million barrels for the week ended May 21, overshadowing concerns over the prospects for a return of Iranian crude supplies to the global market. Thus, Brent crude edged 0.3% higher at $68.87 a barrel, while the Amercian WTI crude closed 0.2% higher at $66.21 a barrel.
read more... 27/05/2021
Daily (26.05.2021): British gas prices moved upwards on Tuesday amid supply concerns, low storage and bullish carbon prices
Crude oil prices move a shade higher on Tuesday following the massive fluctuations last week and at the beginning of this week, with traders keeping an eye on developments in talks aimed at reviving the Iran nuclear deal. The approaching high season for oil and lifting restrictions in much of Europe and the United States provide further support to oil prices. Hence, Brent crude added 0.3% to settle at $68.65 a barrel. Meanwhile, U.S. WTI crude ended rather flat at $66.07 a barrel.
read more... 26/05/2021
Daily (25.05.2021): Oil prices soared by over 3% on Monday amid Iran uncertainty, demand hopes
Crude oil prices had found foothold again at the beginning of the new week amid uncertainty over whether US sanctions on Iran would be lifted and whether Iranian crude would return to the market. Optimism over rising demand globally added further support to oil prices. Hence, Brent crude soared by 3% to settle at $68.46 a barrel. Meanwhile. U.S. WTI crude surged by 3.9% to end at $66.05 a barrel.
read more... 25/05/2021
Daily (21.05.2021): EUAs climbed back above 52 EUR /t on Thursday as sentiment turns bullish
Oil prices saw another day of losses on Thursday as investors remained concerned about a possible return of Iranian supply, the rise of U.S. crude stocks and rising coronavirus figures in Asia. Hence, Brent crude shed by $1.55, or 2.3% to settle at $65.11 a barrel. Meanwhile, U.S. WTI crude declined by $1.42, or 2.2% to end at $61.94 a barrel.
read more... 21/05/2021