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Daily (05.07.2017): German spot power contract rose by over 11% on Tuesday
Oil prices flirted with both positive and negative territory on Tuesday, as many traders closed positions ahead of the U.S. Independence Day holiday on July 4. Brent also faced technical resistance as it approached $50 a barrel, on tentative signs that a persistent rise in U.S. crude production might be slowing. Brent crude decreased by 7 cents to end at $49.61 a barrel, while the WTI price settled at $47.05 a barrel.
read more... 05/07/2017
Daily (04.07.2017): British prompt gas prices rose by almost 6% on Monday
Oil prices increased on Monday, resuming its longest trend of daily gains in more than 5 years after data pointed to falling U.S. output. Even though some analysts consider that rising OPEC production could cap gains and reverse the tendency to bearish in the nearest future. Brent crude soared by almost 3.7% to end at $49.68 a barrel, while the WTI price jumped by 2.24% to settle at $47.07 a barrel.
read more... 04/07/2017
Daily (28.06.2017): Oil prices jumped by around 2% on Tuesday
Oil prices soared for a fourth consecutive session on Tuesday supported by a weaker dollar. Also, short-term financial investors scaled back their net long positions in Brent on the ICE at their lowest level in a year and a half.
read more... 28/06/2017
Daily (12.06.2017): EU carbon prices posted a 2.3% week-on-week loss
Oil prices slightly increased on Friday, after steep declines previously during the week, mainly due to increased buying activity among traders, who have taken long positions after closing their prior positions earlier last week. Brent crude for August delivery added 0.61% to settle at $48.15 a barrel on the London ICE Futures Exchange, while the West Texas Intermediate for July delivery increased 0.19 U.S. dollar to settle at $45.83 a barrel on the New York Mercantile Exchange.
read more... 12/06/2017
Daily (02.06.2017): British wholesale gas prices fell on Thursday, on lower demand
Oil prices increased on Thursday after a larger-than-expected domestic inventory drawdown, offering some relief amid investor uncertainty that OPEC-led reductions will be sufficient to rebalance an oversupplied market. Brent crude rose by 32 cents, or 0.64%, to settle at $50.63. Meanwhile, U.S. crude futures closed cents higher at $48.36 a barrel.
read more... 02/06/2017