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Daily (23.10.2018): British gas contracts were bearish on Monday, due to an oversupplied system
On Monday, oil prices edged slightly higher, following a small reduction in supplies as sanctions against Iranian exports will be soon applied and as Saudi minister Khalid al-Falih suggested that tensions with the U.S. would not affect the market. Brent crude price was 0.1% up at $79.83 a barrel. Meanwhile, WTI crude futures increased by 0.4% to $69.36 a barrel.
read more... 23/10/2018
Daily (22.10.2018): European power contracts on the curve posted gains on Friday ahead of the colder season
Oil prices rose on Friday, supported by expectations for rising demand from China. On the other side, the increase in inventories and U.S. - Sino trade tensions capped further gains, with Brent crude price trading 0.6% higher at $79.78 a barrel. Meanwhile, WTI crude futures soared by 0.7% to $69.12 a barrel.
read more... 22/10/2018
Daily (19.10.2018): EU carbon contracts recovered on Thursday in a strong auction
Oil crude prices fell on Thursday following data revealing ample U.S. crude inventories. Brent crude futures dropped by 1% to close at $79.29 a barrel, while the U.S. West Texas Intermediate (WTI) crude futures declined by 1.6% to trade at $68.65 a barrel.
read more... 19/10/2018
Daily (18.10.2018): WTI crude dropped by 3% on Wednesday due to a jump in US stockpiles
Oil crude prices fell on Wednesday as the U.S. Energy Department's Energy Information Administration revealed a higher-than-expected build in U.S. crude inventories, offsetting concerns about diplomatic relations with Saudi Arabia. Therefore, Brent crude price traded 1.7% lower to settle at $80.05 a barrel. WTI crude price plunged 3% down to settle at $69.75 a barrel.
read more... 18/10/2018
Daily (17.10.2018): UK gas prices dropped on Tuesday due to an oversupplied market
Global oil prices were slightly up on Tuesday, as forecasts for U.S. supply growth were offset by concerns over the Middle East crude supply due to geopolitical tensions, and the approaching U.S. sanctions on Iranian exports. U.S. West Texas Intermediate futures edged 0.2% higher on Tuesday, to trade at $71.92 a barrel. Meanwhile, Brent crude oil futures rose by 0.8% to end at $81.41 a barrel.
read more... 17/10/2018