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Daily (18.12.2017): The German day-ahead power contract traded 19% down on Friday due to higher wind forecasts
Oil prices were mixed on Friday, lingering below two-year peaks on Friday as the ongoing outage of a North Sea pipeline and OPEC-led output cuts supported prices, while increasing U.S. production kept a lid on gains. Brent crude futures were down 8 cents at $63.23 a barrel. U.S. West Texas Intermediate (WTI) crude futures surged by 26 cents, or 0.5% to $57.30 a barrel.
read more... 18/12/2017
Daily (15.12.2017): EU carbon contracts recovered slightly from two-month lows on Thursday
Oil prices surged on Thursday as a pipeline outage in Britain continued to support prices despite forecasts showing global crude surplus in the beginning of next year. Brent crude futures ended 1.4% higher at $63.31 a barrel. Meanwhile, U.S. West Texas Intermediate futures settled 44 cents, or 0.8 percent, to $57.04 a barrel.
read more... 15/12/2017
Daily (14.12.2017): Oil prices fell 1% on Wednesday due to a continued increase in US crude production
Oil prices slumped for a second consecutive day on Wednesday, as a decline in U.S. crude stockpiles was counterbalanced by a larger-than-forecast increase in gasoline inventories and as U.S. crude production continued to grow to record peaks. Brent crude ended down 1.4 percent, or 90 cents, at $62.44 a barrel. U.S. West Texas Intermediate crude settled down 54 cents at $56.60 a barrel, a 1 percent decline.
read more... 14/12/2017
Daily (13.12.2017): European power prices hit contract peaks on Tuesday, after a blast at an Austrian gas hub
Oil prices declined sharply on Tuesday, as traders took profits after prices increased tto a two-year peak on an unscheduled closure of the pipeline that carries the largest North Sea crude oil grade. Brent crude settled down $1.35, or 2.1 percent, at $63.34 a barrel. U.S. crude ended at $57.14 a barrel, or 1.5 percent lower.
read more... 13/12/2017
Daily (12.12.2017): UK spot gas price rose 11% on colder weather and higher demand
Oil prices increased on Monday, overcoming declines early in the session, after a North Sea pipeline was closed for repairs and investors concentrated on commodities following an explosion in New York. Brent crude futures ended $1.29, or about 2 percent, higher at $64.69 a barrel.
read more... 12/12/2017