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Daily (07.03.2023): British near-term gas prices fell on Monday due to strong supply.
Oil prices had a bullish evolution on Monday on supply concerns due to weaker Russian deliveries. Consequently, Brent crude increased by 0.4% to $86.18 a barrel and WTI oil closed almost 1% higher at $80.46 a barrel.
read more... 07/03/2023
Daily (06.03.2023): Oil prices gained ground on Friday amid better-than-expected service sector PMI data from China
Oil prices gained ground as the market once again focused on China, which had another encouraging indicator on Friday, with the PMI in the services sector progressing better than expected in February. As a result, Brent crude oil jumped by 1.3%, to settle at $85.83 per barrel.
read more... 06/03/2023
Daily (03.03.2023): Forward electricity prices were bearish on Thursday tracking lower gas and carbon prices
Oil prices had a bullish evolution on Thursday amid optimism about Chinese demand and reduced concerns about a potential economic downturn in the United States. Consequently, Brent crude increased by 0.5% to $84.75 a barrel and WTI oil closed 0.6% higher at $78.16 a barrel.
read more... 03/03/2023
Daily (02.03.2023): British gas prices gained ground on Wednesday due cold spell forecasts
Oil prices had a bullish evolution on Wednesday following the restart of China’s manufacturing activity. However, macroeconomic concerns rise in US inventories limited gains. Consequently, Brent crude increased by 0.5% to $84.31 a barrel and WTI oil closed 0.8% higher at $77.69 a barrel.
read more... 02/03/2023
Daily (01.03.2023): Oil prices rose due to optimism over rising demand in China.
Oil prices rose on Tuesday due to optimism over rising demand in China. Consequently, Brent crude increased by 1.7% to $83.89 a barrel and WTI oil closed 1.8% higher at $77.05 a barrel.
read more... 01/03/2023