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Daily (22.09.2017): EU carbon contracts settled 5% down on lower electricity prices
Oil prices were mixed on Thursday as the market waited to see if the biggest oil producers would deepen supply reductions beyond March at a reunion in Vienna. Brent crude futures closed 0.25% up at $56.43 a barrel. Meanwhile, WTI crude futures ended 0.3% down at $50.55 per barrel.
read more... 22/09/2017
Daily (15.09.2017): Brent hit a five-month high settling at $55.47 a barrel
Oil prices hiked on Thursday, with Brent closing at a five-month high, after several reports predicted a further tightening of the market as fuel demand increased.
read more... 15/09/2017
Daily (08.09.2017): German year-ahead power contract at 32-month high
Oil futures varied on Thursday, with Brent jumping to a 5-1/2-month peak, while U.S. crude dropped on a larger-than expected crude stock build, as the relaunch of U.S. refiners after Hurricane Harvey was countered by the threat of Hurricane Irma.
read more... 08/09/2017
Daily (05.09.2017): Brent price down by 0.8% on Monday, while WTI crude up amid reviving U.S. refineries
Brent price fell on Monday, after North Korea detonated a hydrogen bomb sparking a powerful 6.3 magnitude earthquake, 'escalating' nuclear crisis. This triggered a shift away from crude markets to assets perceived to be safer, such as gold. Brent crude edged $0.41, or 0.78% lower at $52.34. Meanwhile, the WTI had an opposite trend, growing by 0.23% to settle at $47.40 a barrel, as U.S. refineries that use crude to make fuel were gradually starting up again, along with the pipelines transporting products. This is a potentially bullish development for the WTI crude oil.
read more... 05/09/2017
Daily (04.09.2017): European carbon prices dropped by 1.8% on Friday, registering a 4.2% weekly loss
Oil prices rose on Friday, supported by a decline in the U.S. crude oil stocks last week, as refineries raised output with the approach of Harvey. Natural disasters are generally negative over the medium-term due to demand destruction, but in the short term the market reacts to the shortage of supply. Brent crude edged 0.7% up to settle at $52.75, while the WTI price grew by 0.13% at $47.29 a barrel.
read more... 04/09/2017