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Daily (31.01.2023): Energy prices turned bullish again on Monday
Oil prices dropped on Monday as investors are anticipating the US Federal Reserve (Fed) interest rate announcement as well as the conclusion of the OPEC+ meeting. Hence, Brent crude oil has weakened by 2% to settle at $84.90 a barrel. Similarly, U.S. WTI crude ended at $77.90 a barrel, or a 2% daily loss.
read more... 31/01/2023
Daily (30.01.2023): British gas prices fell on Friday amid mild weather outlook, signals of the return of Freeport LNG terminal
Crude oil prices moved downwards on Friday amid reports that oil loadings from Russia's Baltic ports were set to rise by 50% this month from December. Hence, Brent crude declined by 81 cents, or 0.9%, to settle at $86.66 per barrel. U.S. WTI crude decreased by $1.33, or 1.6 %, to settle at $79.68 a barrel.
read more... 30/01/2023
Daily (27.01.2023): European carbon prices surged to a weekly high of above 89 EUR/t amid bullish technical drivers
Strong U.S. economic data and the assumption that the reopening of the Chinese economy would boost demand led to an uptick in oil prices on Thursday. As a result, Brent crude oil ended approximately 2% higher at $87.47 a barrel. U.S. WTI crude finished at 81.01 USD/bbl, rising by 1% day-on-day.
read more... 27/01/2023
Daily (26.01.2023): European carbon allowances soared on Wednesday after the strongest UKA auction in a year.
Oil prices were steady on Wednesday as US crude inventories rose less than expected, while the upcoming EU embargo on Russian refined products remains a major source of concern for the market. As a result, Brent crude oil went slipped to $86.12 a barrel, while WTI Crude settled at 80.15 USD/bbl.
read more... 26/01/2023
Daily (25.01.2023): Oil prices dropped amid rising speculations of a potential recession
Concerns about economic recession impacted oil prices. Thus, WTI crude edged lower by around 2% at $80.13 per barrel. Brent crude also dropped by over 2% to settle at $86.13 per barrel.
read more... 25/01/2023