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Daily (02.08.2018): Brent crude plummeted by 2.5% on Wednesday, as OPEC stocks reached maximum capacity
Oil prices diminished severely on Wednesday, following a report that OPEC’s stockpiles reached full capacity due to ample supplies during the month. WTI crude slipped by 1.6% to close at $67.66 a barrel.
read more... 02/08/2018
Daily (01.08.2018): WTI crude fell by 2% on Tuesday, as OPEC’s output hit a peak in July
Oil prices fell on Tuesday, as a recent report indicated that OPEC’s production reached a 2018 peak in July. Brent crude dipped by 1% to $74.25 a barrel. WTI Crude lost 2% to end at $68.76 barrel.
read more... 01/08/2018
Daily (31.07.2018): German electricity spot price soared by over 20% on Monday, due to higher air conditioning usage
Oil prices soared on Monday, on concerns about supply disruptions, as U.S. sanctions on Iran could affect crude production. Brent crude rose 0.9% to $74.97 a barrel. WTI crude jumped at $70.13 a barrel, closing about 2.1% higher.
read more... 31/07/2018
Daily (30.07.2018): WTI crude dropped by 1.3% on Friday due to a fall in the U.S equities market
Oil prices fell on Friday, due to a decline in the U.S. equities market. Brent futures dropped by 25 cents, or 0.3%, to close at $74.29 a barrel, posting nevertheless a 1.8% weekly gain for the first time in four weeks supported by reduced trade tensions and a provisory closure of an important crude oil shipping lane. WTI futures declined by 1.3% to close at $68.69 a barrel.
read more... 30/07/2018
Daily(27.07.2018): Brent crude increased by 0.8% as Saudi Arabia decided to halt oil exports
Oil prices increased on Thursday, as Saudi Arabia decided to stop oil exports after two ships which traversed the Bab el-Mandeb strait have been attacked by Yemen’s Iran-aligned Houthis. Brent crude rose by 0.8% to $74.54 a barrel, while WTI crude edged 0.5% higher at $69.61 a barrel.
read more... 27/07/2018