Brent makes further gains, WTI weighed down by inventory reports. US natural gas drops on forecasts of milder weather, UK gas falls on increased Norwegian output. Port of Rotterdam reports YoY drop in coal deliveries. EUAs and CERS fall despite supportive energy complex.
Brent rises above US$100/bbl on fears of Egypt contagion, thermal coal prices also rise. Natural gas prices up on cold weather forecasts. Carbon gains strength on Brent, German power.
Protest in Egypt seen as bullish for WTI. US natural gas futures rise marginally, as cold weather outweighs increased domestic production. EUAs and CERs record gains, despite unsupportive energy complex.
Crude hit by bearish US economic data, natural gas slides despite higher than expected withdrawal from storage. EUAs and CERs retreat due to unfavourable gas/coal price movements and UN CER issuance.
Oil snaps losing streak on State of the Union stock market bounce, natural gas continues to be boosted by cold weather forecasts, coal and carbon prices see little movement.
Energy complex hit by disappointing US and UK economic data. US natural gas down as speculation over inventory situation mounts. EUAs and CERs gain as closed spot markets deter potential sellers.
Oil drops to eight week low on Saudi comments, US inventory speculation. Natural gas hit by profit-taking while US weather forecasts remain supportive. European and South African coal prices fall as demand drops to early December levels.
Oil down on higher US oil inventories and fears that China’s government may focus on fighting inflation. Natural gas rises on high withdrawal from storage, cold weather. Coal prices at Newcastle rise for the seventh consecutive week.
WTI drops on oil inventory report, housing start data and pipeline restart. Natural gas up on inventory speculation and forecasts of colder weather. Thermal coal prices stable, despite the situation improving in Queensland. EUA trading hit by hacking, spot trading closed till January 26.
Crude rises to highest settlement price seen since October 2008 on US oil inventory report, pipeline uncertainty, European coal prices stable, while US natural gas price up on weather forecasts.
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08 Feb 2012
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