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Daily (20.11.2017): UK gas prices fell on forecasts of warmer weather and an oversupplied system
Oil prices recovered by over 2% on Friday as a major U.S. crude pipeline was shut, and traders anticipated an OPEC agreement to extend output cuts. Brent crude oil soared by $1.36, or 2.2 percent, to close at $62.72 a barrel, while U.S. West Texas Intermediate crude (WTI) settled at $1.41, or 2.6 percent, at $56.55 a barrel.
read more... 20/11/2017
Daily (31.10.2017): Higher gas consumption in the UK boosted prompt prices on Monday
Brent oil price rose on predictions that OPEC-led output reductions would be prolonged beyond March even though higher Iraqi exports put a cap on prices. Brent crude futures increased by 46 cents, or 0.8 percent, to settle at $60.90 per barrel, its highest level since July 2015. Meanwhile, U.S. West Texas Intermediate (WTI) crude futures surged 0.5% to $54.15 a barrel.
read more... 31/10/2017
Daily (30.10.2017): Oil prices surged 2% on Friday due to expected extension of output reduction
Oil prices jumped about 2 percent on Friday, with global benchmark Brent crude surging above $60 per barrel, on support among the world's major producers for prolonging a deal to reduce output.
read more... 30/10/2017
Daily (27.10.2017): Brent crude price hit a 27-month peak on Thursday
Brent crude settled at a 27-month peak on Thursday as the market concentrated more on comments from Saudi Arabia about stopping a global supply glut instead of an unpredicted rise in U.S. crude inventories, increased U.S. output and exports.
read more... 27/10/2017
Daily (26.10.2017): German spot power prices boosted by lower wind generation and colder weather
Oil stabilized on Wednesday close to a four-week peak after major exporter Saudi Arabia stated that it was determined to stop a supply glut that has influenced the market for three years. Brent crude futures rose 11 cents, or 0.20%, to end at $58.44 a barrel. Meanwhile, U.S. West Texas Intermediate crude traded 0.6% down at $52.27.
read more... 26/10/2017