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Daily (16.01.2024): European carbon prices rebounded by 2% on Monday following a successful first auction of the year
Oil prices remained rather steady to bearish on Monday as the geopolitical risk premium eased amid the absence of tangible supply disruptions in the Middle East, with the market focusing on signs of weaker demand. Consequently, Brent and WTI crude edged lower to settle at $78.15 and $72.45 per barrel respectively.
read more... 16/01/2024
Daily (10.01.2024): Crude oil prices rebounded by over 2% on Tuesday amid ongoing turmoil in the Middle East
Oil prices rebounded by 2% on Tuesday after a significant drop the previous day. The market's attention was focused on concerns over global crude supplies due to the shutdown of a major Libyan field and tensions in the Red Sea. Thus, Brent crude stood at $77.59, while WTI crude settled at $72.24 per barrel.
read more... 10/01/2024
Daily (09.01.2024): Gas prices fell sharply on Monday amid forecasts of milder weather
On Monday, oil prices tumbled. The drop was attributed to Saudi Arabia's decision to reduce its tariffs as part of a strategic move to reposition itself amid uncertainties and increasing competition in the market. As a result, Brent crude settled 3.3% lower at $76.12, while WTI crude declined by more than 4% to stand at $70.77 per barrel.
read more... 09/01/2024
Daily (05.01.2024): Gas prices rose on Thursday amid forecasts of a cold snap, despite a comfortable supply outlook
Oil prices fell by about 1% on Thursday, undermined by a jump in US gasoline and diesel inventories, which raised questions in the market about the state of demand in the US. Consequently, Brent crude ended at $77.59, while WTI crude settled at $72.19 per barrel.
read more... 05/01/2024
Daily (19.12.2023): Energy prices spiked on Monday amid supply security concerns
Oil prices rallied on Monday amid fears of disruptions to maritime oil transport due to attacks in the Red Sea. The market reacted to British oil giant BP's announcement that it would suspend all shipping in the Red Sea. Hence, Brent crude climbed by about 2% to settle at $77.95, and WTI crude ended at $72.47 per barrel, more than 1% higher day-on-day.
read more... 19/12/2023