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Daily (05.09.2018): The UK gas contract for October delivery gained 1.4%, due to an undersupplied system
Oil crude prices fluctuated during the day on Tuesday, as a tropical storm hit the U.S. Gulf coast, while countries of the Pacific region decided to continue procurement of Iranian crude, despite U.S. sanctions. Brent crude price edged slightly higher at $78.17 a barrel, but gains were capped by a stronger dollar. WTI crude price edged 0.3% lower to $69.87 a barrel, due to a rise in crude inventories at Cushing, Oklahoma.
read more... 05/09/2018
Daily (04.09.2018): Brent crude rose by almost 1% on Monday, ahead of the second wave of U.S. sanctions
Oil crude prices hiked on Monday, due rising concerns about reduced supplies globally after U.S. sanctions against Iran will be applied in late autumn. Brent crude price increased by 0.9% to $78.15 a barrel. Meanwhile, WTI crude price was 0.4% up at $70.09 a barrel, as stronger supply from OPEC and the US limited gains.
read more... 04/09/2018
Daily (03.09.2018): NBP spot price plummeted by 3.5%, due to an oversupplied system
Friday saw a bearish evolution in oil prices, as a sudden hike in stock and a continued trade war cast a pessimistic economic outlook over the fuel demand. Brent Crude price dropped by 0.5% to close at $77.42 a barrel, resulting in a 1.4% increase for the week. Meanwhile, WTI crude price gained 0.2% at $69.80 a barrel, due to a decline in Venezuela’s outputs.
read more... 03/09/2018
Daily (31.08.2018): Europe power contracts on the curve gained due to higher prices for oil and gas.
Oil prices hiked on Thursday, after a decline in U.S. inventories and possible disruptions to oil supply from Iran and Venzuela. Brent crude surged by $0.63, or 0.8%, to trade at $77.77 a barrel. U.S. West Texas Intermediate futures rose by 13 cents to reach $69.64 a barrel. Oil prices hiked on Thursday, after a decline in U.S. inventories and possible disruptions to oil supply from Iran and Venzuela. Brent crude surged by $0.63, or 0.8%, to trade at $77.77 a barrel. U.S. West Texas Intermediate futures rose by 13 cents to reach $69.64 a barrel. Oil prices hiked on Thursday, after a decline in U.S. inventories and possible disruptions to oil supply from Iran and Venzuela. Brent crude surged by $0.63, or 0.8%, to trade at $77.77 a barrel. U.S. West Texas Intermediate futures rose by 13 cents to reach $69.64 a barrel.
read more... 31/08/2018
Daily (30.08.2018): Brent crude surged by 1.6% to $77.14 a barrel on Wednesday, due to less shipments from Iran
Oil crude futures rose on Wednesday, following a dramatic drop in U.S. inventories and due to a decline in shipments from Iran. Brent crude gained 1.6% to settle at $77.14 a barrel.
read more... 30/08/2018