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Daily (21.11.2018): WTI crude fell by over 6% on Tuesday, due to a larger-than-expected build in the U.S. stocks
Oil prices plummeted on Tuesday on growing worries about a pessimistic global economic outlook. Prices were under pressure, as U.S. President Donald Trump announced about its decision to continue the partnership with Saudi Arabia. Brent crude slumped by 6.4% to settle at $62.53 a barrel. A larger-than-expected build in the U.S. stocks weighed down on the WTI crude, which tumbled by 6.6% to $53.43 a barrel, the lowest level in more than a year.
read more... 21/11/2018
Daily (20.11.2018): The French power spot price jumped by almost 58% on Monday, due to lower nuclear availability and colder weather forecasts
A reduction in U.S. crude stocks and a potential cut in OPEC production contributed to a slight increase in oil prices on Monday, after a volatile session. Concerns over the continuous trade war between US and China limited gains, keeping Brent crude almost flat at $66.73 a barrel. Meanwhile, WTI crude prices soared by 1.3% to close at $57.2 a barrel.
read more... 20/11/2018
Daily (19.11.2018): European electricity prices fell on Friday on stronger wind generation
Oil prices were almost constant on Friday, as the relaunch of Kirkuk oil flows through the Kurdish-controlled pipeline diminished the impact of U.S. sanctions over Iranian exports. Flows resumed at an average daily level of 50,000-60,000 barrels. Brent crude edged 0.2% higher at $66.76 a barrel. WTI crude remained unchanged at $56.46 a barrel.
read more... 19/11/2018
Daily (16.11.2018): UK gas prices jumped by over 3% on Thursday: cold weather, strong demand
Oil prices rose slightly on Thursday, reversing previous losses, as trade disputes between China and the US are likely to ease. Nevertheless, market sentiment remained cautious because of worries that a supply glut might still happen amid a glum economic outlook. Brent crude futures gained 0.8% to settle at $66.62 a barrel. WTI crude was 0.4% up at $56.46 a barrel.
read more... 16/11/2018
Daily (15.11.2018): European year-ahead power prices fell by over 1% on Wednesday, tracking weaker CO2 and coal markets
Oil prices surged on Wednesday, recovering from recent lows as OPEC partners are focusing on output cuts in order to support the market. Nevertheless, gains were still limited by the escalating trade war between the worlds’ biggest economies — U.S. and China. Both Brent crude and WTI rose 1% to settle at $66.12 and at $56.25 a barrel respectively.
read more... 15/11/2018