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Daily (21.09.2020): German spot power price fell by more than 13% on stronger wind output

A slide in oil prices was noticed on Friday, as worries about the increasing number of coronavirus infections across the world stalled oil demand. Furthermore, a potential return of oil output from Libya weighed on the oil market. However, a new tropical storm in the U.S. Gulf of Mexico limited losses. Hence, Brent crude slipped by 0.4% to $43.15 a barrel. At the same time, the American WTI dropped by 0.3% to $41.11 a barrel.

read more... 21/09/2020

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Daily (18.09.2020): European carbon prices fell by more than 5% on Thursday due to stronger selling

Oil prices rose for the third consecutive day on Thursday, following OPEC’s meeting which had a positive influence on market. However, oil market is still kept under pressure, due to higher supply and flagging demand. Hence, Brent crude soared by nearly 2.6% to $43.30 a barrel. While the American WTI crude gained 2% to settle at $40.97 a barrel.

read more... 18/09/2020

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Daily (16.09.2020): Oil prices ended higher on Tuesday as Hurricane Sally disrupted Gulf of Mexico energy production

Crude oil futures rebounded on Tuesday, buoyed by rising Chinese industrial production and Hurricane Sally which curbed the supply in the Gulf of Mexico. However, bearish forecasts for the energy demand released by the IEA helped to limit the upside for oil prices. Hence, Brent crude for November delivery soared by 92 cents, or 2.3%, to settle at $40.53 a barrel. Meanwhile, U.S. WTI crude for October delivery climbed by $1.02, or 2.7%, to settle at $38.28 a barrel. Both contracts fell on Monday.

read more... 16/09/2020

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Daily (15.09.2020): European carbon prices rallied at their highest levels in a fortnight amid emergence of the European Commission’s 2030 plan

Crude oil futures traded in a narrow range to end slightly lower on Monday as the global demand outlook remains uncertain and Libya announced a possible output resumption. However, a storm which halted the crude production in the U.S. Gulf of Mexico region tempered losses. Hence, Brent crude slipped by 22 cents, or 0.6%, to settle at $39.61 a barrel, while U.S. WTI crude futures were down 7 cents, or 0.2%, to end at $37.26 a barrel.

read more... 15/09/2020

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Daily (14.09.2020): Crude oil fell by nearly 6.7% on a weekly basis, amid global demand worries and rising crude stocks

Oil prices declined on Friday posting their second consecutive weekly loss, amid worries over global fuel demand and a continuing rise in crude inventories. As a result, Brent crude fell by 0.6% to settle at $39.83 a barrel. Meanwhile, WTI futures was almost flat at $37.33 a barrel,

read more... 14/09/2020

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