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Daily (04.12.2018): Brent crude hiked by 5.1% on Monday, as US-China trade war tensions eased
Oil prices jumped on Monday, after Qatar decided to quit the OPEC club in January 2019. Furthermore, US-China trade tensions eased as no additional tariffs will be imposed during a period of 90-days. Expectations for OPEC supply reduction also stimulated prices. Brent crude price increased by 5.1% to $61.69 a barrel. Meanwhile, WTI crude gained 4% to $52.95 a barrel.
read more... 04/12/2018
Daily (03.12.2018): EUAs continued their bullish run on Friday, posting an increase of over 2%
A stronger dollar and global oversupply put pressure on oil prices on Friday. Nevertheless, losses were limited ahead of the 175’th Summit in Vienna, where OPEC and Russia will potentially talk about measures to reduce output. Brent crude price was 1.3% down at $58.71 a barrel, or more than a 1-year low. WTI crude also fell 1% to $50.93 a barrel.
read more... 03/12/2018
Daily (30.11.2018): WTI crude rose 2.3% on Thursday ahead of the G-20 summit
Oil crude prices jumped on Thursday, on positive expectations that the G-20 meeting would help global economy and would lead to a rise in demand. Brent crude price traded 1.3% up at $59.51 a barrel. At the same time, WTI crude surged 2.3% to $51.45 a barrel.
read more... 30/11/2018
Daily (29.11.2018): NBP spot gas price lost almost 5% on Wednesday, due to an oversupplied system
A decrease in oil crude prices was seen on Wednesday due to global oversupply. The price for Brent declined by 2.4% to $58.76 a barrel, or more than 30% down from a 4-year high reached in October. OPEC is planning a summit in Vienna next week to discuss the necessity of output reductions. Meanwhile, WTI crude traded 2.5% down at $50.29 a barrel.
read more... 29/11/2018
Daily (28.11.2018): Power year-ahead prices rose by over 2% on Tuesday, following the upward trend in coal market
An increase in crude stocks and continuing US-China trade concerns weighed down on oil prices on Tuesday. Nevertheless, expectations for a cut in production limited losses. Brent crude edged 0.5% lower at $60.21 a barrel, while WTI crude slipped by 0.1% to $51.56 a barrel.
read more... 28/11/2018