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Daily (11.04.2023): Crude oil prices retreated by 1% on Monday amid thin holiday trading
Crude oil prices retreated on Monday as markets cautiously reopened after the holiday weekend and session volumes stayed low due to the closed European markets. Hence, Brent crude declined by 1% compared with Thursday’s session to close at $84.18 a barrel. Meanwhile, U.S. WTI crude decreased by 1% to settle at $79.74 a barrel.
read more... 11/04/2023
Daily (07.04.2023): Oil prices edged higher on Thursday ahead of Easter holiday and American Good Friday
Oil prices traded slightly higher for the third day on Thursday ahead of Easter holiday and American Good Friday, with investors also watching for signs of weakness in the U.S. economy. As a result, Brent crude ended at $85.12 a barrel, while WTI crude settled at $80.70 on Thursday.
read more... 07/04/2023
Daily (06.04.2023): European carbon prices hit a new three-week high on Wednesday, boosted by compliance and fund buying
Oil prices ended almost flat for the second session in a row, still caught by concerns about a possible seizure of the global economy. As a result, Brent crude ended at $84.99 a barrel, while WTI crude steadied at $80.61 on Wednesday.
read more... 06/04/2023
Daily (05.04.2023): Spot electricity prices in Europe gained ground on Tuesday due to declining wind power output
Oil prices ended Tuesday’s session rather flat to bullish, failing to capitalize further on surprise output cuts by several members of the OPEC+ alliance, with the market more concerned about demand than supply. As a result, Brent crude ended at $84.94 a barrel, while WTI crude edged around 0.4% higher to settle at $80.71.
read more... 05/04/2023
Daily (04.04.2023): The energy complex in a strong bullish mood on Monday
Crude oil prices increased on Monday on expectations that China would take steps to boost economic growth. At the same time, the OPEC+ group's unexpected announcement of additional production cuts lent further support. Thus, both Brent and WTI crude soared by over 6%, to settle at $84.93 and $80.42 a barrel respectively.
read more... 04/04/2023