Tag WTI Crude

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Thermal Coal Prices Jump by Over 100% Within One Month

Coal prices remain out of control. Since the Russian army invaded Ukraine, coal prices have skyrocketed. The benchmark Newcastle coal futures have risen 101% since the beginning of February and over 65% in the last 7 days. At the moment…

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Commodity Week Roundup

Energy Another positive week for the oil bulls more precisely the 9th week in a row in which oil prices could rise. WTI crude oil was able to gain 1.8% and closed on Friday at $83.98 per barrel. Brent crude…

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U.S. urges OPEC+ to increase output

Crude oil has experienced a small damper after last week’s recovery run. Hurricane Ida has left its mark on large parts of the U.S. Gulf of Mexico, affecting about 95% of oil production in the region. This equates to approximately…

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