Latest news
Daily (16.01.2023): NBP spot rose by nearly 4% on Friday on forecasts of colder weather
Crude oil prices continued to gain ground on Friday, driven by the rising Chinese demand and the prospect of easing inflationary pressures. As a result, Brent crude oil rose by $1.25, or 1.4 percent, to $85.28 a barrel. U.S. WTI crude oil settled at $79.86 a barrel, gaining $1.4, or almost 2%%, on a day-over-day basis.
read more... 16/01/2023
Daily (02.12.2022): Oil prices gain ground on Thursday due to uncertainty on a price cap level
Oil prices were bullish on Thursday, as EU members failed to agree on a price cap level over the past few weeks, but the limit is scheduled to take effect from 5 December. Stronger demand from China following the ease of restrictions in two major Chinese cities also contributed to the rise. Consequently, Brent crude increased by 1.7% to $86.88 a barrel and WTI oil edged 0.8% higher at $81.22 a barrel.
read more... 02/12/2022
Daily (14.11.2022): Oil prices rose on Friday due to stronger demand from China
The world's largest petroleum importer, China, is expected to experience increased economic activity and demand after the country's COVID-19 restrictions were partially loosened by the Chinese government. Consequently, oil prices rose on Friday, with Brent crude settling 2.5% higher at $95.99 a barrel. WTI was seen rising by 2.9% to $88.96 per barrel.
read more... 14/11/2022
Daily (08.11.2022): Strong LNG supply and high storage levels continue to weigh on European gas prices
After reaching more than two-month highs crude oil prices fell amid mixed signals. Chinese policymakers are considering removing the severe COVID-19 limitations on the economy, however, with no deadline established. As a result, WTI declined by 0.9% to $91.79 a barrel, while Brent crude decreased by 0.7% to end at $97.92.
read more... 08/11/2022
Daily (24.10.2022): Oil prices rose on Friday on expectations of higher Chinese demand
Oil prices rose on Friday as expectations of higher Chinese demand and a falling dollar mitigated fears about a worldwide economic recession and the effect of rising interest rates on consumption. Thus, Brent crude settled 1.2% higher at $93.50 a barrel, WTI crude traded 0.6% higher at $85.05.
read more... 24/10/2022