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Daily (15.10.2018): The German spot power price fell by almost 21% on Friday, due to stronger wind generation and lower demand
Oil prices were slightly higher of Friday, as the impact of the Hurricane Michael left several platforms in the Gulf of Mexico inactive, contributing to a drop in the U.S. crude production. Consequently, Brent crude closed 0.2% up at $80.43 a barrel.
read more... 15/10/2018
Daily (12.10.2018): NBP spot price plummeted by almost 9% on Thursday, due to an oversupplied system
Oil crude prices ended lower on Thursday, following a drop in global stock markets, as the Dow Jones took its biggest plunge since February on Wednesday. Moreover, the investor sentiment was affected by an industry report, which revealed an unexpected rise in U.S. crude oil supply. Consequently, the WTI crude closed 3% down at $70.97 a barrel, while Brent oil fell by 3.4% to $80.26 a barrel.
read more... 12/10/2018
Daily (11.10.2018): WTI crude dropped by 2.4% on Wednesday as forecasts for lower economic growth curbed the demand for oil
Oil crude prices slipped on Wednesday as the International Monetary Fund (IMF) mitigated its global growth projections in its latest World Economic Outlook report, reducing the demand for oil. However, the losses were capped as Hurricane Michael led to the shutdown of roughly 40% of Gulf of Mexico’s crude oil production. Brent crude closed at $83.09 a barrel, representing a 2.3% loss. WTI crude tumbled by 2.4% to settle at $73.17 a barrel.
read more... 11/10/2018
Daily (10.10.2018): German day-ahead power price declined by more than 13% on Tuesday due to high wind output
Global oil prices rose slightly on Tuesday, on signs of falling crude Iranian exports, before the imposition of a new round of U.S. sanctions. Furthermore, a partial shutdown in production in the Gulf of Mexico, ahead of Hurricane Michael heading towards eastern states sustained the upward trend in prices. WTI crude oil price, the U.S. benchmark contract, gained 67 cents on Tuesday, representing a 0.9% increase, and traded at $74.96 a barrel. Meanwhile, the international benchmark Brent crude oil futures rose by 1.3% to trade at $85.00 a barrel.
read more... 10/10/2018
Daily (09.10.2018): UK gas prices tumbled on Monday, on warmer weather and reduced gas-for-power demand due to higher wind generation
Global oil prices edged slightly down on Monday, following Washington’s declaration that it could grant waivers to sanctions against Iran's oil exports in November, and as Saudi Arabia is likely to partly substitute shortfalls from Iran. Brent crude was 0.3% down at $83.91 a barrel, but losses were limited by a hurricane moving across the Gulf of Mexico and forecasts for a further decline in Iranian exports. U.S. West Texas Intermediate futures slipped by only 0.1% on Monday, to trade at $75.29 a barrel. Meanwhile, Brent crude oil futures ended 0.3% down at $83.91 a barrel.
read more... 09/10/2018