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Daily (01.08.2018): WTI crude fell by 2% on Tuesday, as OPEC’s output hit a peak in July
Oil prices fell on Tuesday, as a recent report indicated that OPEC’s production reached a 2018 peak in July. Brent crude dipped by 1% to $74.25 a barrel. WTI Crude lost 2% to end at $68.76 barrel.
read more... 01/08/2018
Daily (31.07.2018): German electricity spot price soared by over 20% on Monday, due to higher air conditioning usage
Oil prices soared on Monday, on concerns about supply disruptions, as U.S. sanctions on Iran could affect crude production. Brent crude rose 0.9% to $74.97 a barrel. WTI crude jumped at $70.13 a barrel, closing about 2.1% higher.
read more... 31/07/2018
Daily (30.07.2018): WTI crude dropped by 1.3% on Friday due to a fall in the U.S equities market
Oil prices fell on Friday, due to a decline in the U.S. equities market. Brent futures dropped by 25 cents, or 0.3%, to close at $74.29 a barrel, posting nevertheless a 1.8% weekly gain for the first time in four weeks supported by reduced trade tensions and a provisory closure of an important crude oil shipping lane. WTI futures declined by 1.3% to close at $68.69 a barrel.
read more... 30/07/2018
Daily(27.07.2018): Brent crude increased by 0.8% as Saudi Arabia decided to halt oil exports
Oil prices increased on Thursday, as Saudi Arabia decided to stop oil exports after two ships which traversed the Bab el-Mandeb strait have been attacked by Yemen’s Iran-aligned Houthis. Brent crude rose by 0.8% to $74.54 a barrel, while WTI crude edged 0.5% higher at $69.61 a barrel.
read more... 27/07/2018
Daily (26.07.2018): German spot power prices slumped by 5.7% on Wednesday, due to higher wind generation
Oil prices continued their upward evolution on Wednesday, as U.S. government data indicated that crude inventories hit their minimum level since February 2015. Brent crude edged 0.7% higher at $73.93 a barrel. Meanwhile, WTI crude gained 1.1% to settle at $69.30 a barrel.
read more... 26/07/2018