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Daily (04.09.2018): Brent crude rose by almost 1% on Monday, ahead of the second wave of U.S. sanctions
Oil crude prices hiked on Monday, due rising concerns about reduced supplies globally after U.S. sanctions against Iran will be applied in late autumn. Brent crude price increased by 0.9% to $78.15 a barrel. Meanwhile, WTI crude price was 0.4% up at $70.09 a barrel, as stronger supply from OPEC and the US limited gains.
read more... 04/09/2018
Daily (03.09.2018): NBP spot price plummeted by 3.5%, due to an oversupplied system
Friday saw a bearish evolution in oil prices, as a sudden hike in stock and a continued trade war cast a pessimistic economic outlook over the fuel demand. Brent Crude price dropped by 0.5% to close at $77.42 a barrel, resulting in a 1.4% increase for the week. Meanwhile, WTI crude price gained 0.2% at $69.80 a barrel, due to a decline in Venezuela’s outputs.
read more... 03/09/2018
Daily (31.08.2018): Europe power contracts on the curve gained due to higher prices for oil and gas.
Oil prices hiked on Thursday, after a decline in U.S. inventories and possible disruptions to oil supply from Iran and Venzuela. Brent crude surged by $0.63, or 0.8%, to trade at $77.77 a barrel. U.S. West Texas Intermediate futures rose by 13 cents to reach $69.64 a barrel. Oil prices hiked on Thursday, after a decline in U.S. inventories and possible disruptions to oil supply from Iran and Venzuela. Brent crude surged by $0.63, or 0.8%, to trade at $77.77 a barrel. U.S. West Texas Intermediate futures rose by 13 cents to reach $69.64 a barrel. Oil prices hiked on Thursday, after a decline in U.S. inventories and possible disruptions to oil supply from Iran and Venzuela. Brent crude surged by $0.63, or 0.8%, to trade at $77.77 a barrel. U.S. West Texas Intermediate futures rose by 13 cents to reach $69.64 a barrel.
read more... 31/08/2018
Daily (28.08.2018): Europe power prices on the curve hit new peaks on Monday, following bullish carbon markets
Worries that ongoing trade tensions between China and U.S. would lead to a demand reduction, boosted oil prices on Monday. Nevertheless, a rise in OPEC's and Russian output put a cap on prices. Brent crude oil edged 0.5% higher to settle at $76.21 a barrel. WTI crude closed at $68.87 a barrel, or 0.2% higher.
read more... 28/08/2018
Daily (27.08.2018): The 2021-expiry carbon contract hit another 10-year peak at 22.18 euros a tonne on Friday
Oil prices rose on Friday, on signs that Iran sanctions might weigh on global supply, while China's demand for U.S. crude doesn't seem to be affected by trade disputes. Brent crude surged by $1.09, or 1.5%, to settle at $75.82 a barrel. Meanwhile, U.S. crude closed $0.89, or 1.3%, higher at $68.72.
read more... 27/08/2018