Yesterday oil benchmarks went up: ICE Brent traded 2.5% higher at $117.58/b. While, NYMEX WTI price moved up by 2.0% to $111.76/b. A bullish factor was the final communiqué of the G7 meeting, in which leaders decided to work on a plan to cap the price of oil exported by Russia. The document is quite vague…
The US equity markets fell again yesterday, this time more sharply (-2% for the S&P 500 and -3% for the Nasdaq). The sharp decline in the Conference Board’s consumer confidence index is not unrelated to this: it confirms the signs of a downturn in the US labour market already highlighted by the slow rise in weekly jobless…
Oil prices moved up yesterday : ICE Brent settled at $115.09/b making a 1.7% gain. And NYMEX WTI front month closed at $109.57/b, that is 1.8% higher. Prices jumped on the G7 summit at Elmau, where country leaders are talking about new sanctions against Russia. Russian oil industry is in the crossbow of the group…
The European power spot prices slightly increased yesterday amid higher clean fuel costs and forecasts of stronger power demand combined with easing wind output. The day-ahead prices hence averaged 332.25€/MWh in Germany, France, Belgium and the Netherlands, +16.23€/MWh day-on-day and +27.12€/MWh from last week. The power curve prices posted moderate gains over the first session…
European gas prices were mixed yesterday, lacking support to climb much higher in a context of stable Russian flows and rebounding Norwegian flows (at 320 mm cm/day on average, compared to 311 mm cm/day on Friday). Day-ahead prices continued to trade in a wide range across European hubs, with NBP spot prices settling €75/MWh below German…
