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Daily (27.12.16): European day-ahead power prices gain ground on cool weather forecast, firm demand
European spot electricity prices for day-ahead delivery traded higher on Monday, spurred by a forecast for colder weather and higher consumption after the Christmas holiday.
read more... 27/12/2016
Daily (26.12.2016): U.S. WTI crude hits the highest level in 17 months
Crude oil prices were little changed on Friday in a calm trade ahead of the Christmas and New Year holiday week. However, the crude oil contracts posted small gains, as the market strived to observe how OPEC manages its planned output cuts with Libya expecting to boost production. Brent futures rose by 11 cents, or 0.2 percent, to settle at $55.16 a barrel, while U.S. West Texas Intermediate (WTI) crude added seven cents, or 0.1 percent, to end at $53.02, its highest close since July 2015.
read more... 26/12/2016
Daily (23.12.2016): British gas prices climb on weaker pound against the euro
Crude oil prices boosted in a quiet trading on Thursday, buoyed by upbeat U.S. economic data and optimism that crude producers would agree to curb output. U.S. West Texas Intermediate crude rose by 46 cents, or 0.9 percent, to settle at $52.95 a barrel. Brent futures for February delivery increased by 59 cents or 1.1 percent to $55. 05.
read more... 23/12/2016
Daily: Crude oil tumbles on U.S stockpiles build, increased output from Libya
Crude oil futures tumbled on Wednesday after Libya said it will increase production over the next few months and after the release of a report showing an unexpected build in U.S. crude stockpiles last week. Brent futures for February delivery eased 89 cents, or 1.6 percent, to close at $54.46 a barrel, while U.S. West Texas Intermediate crude for February declined 81 cents, or 1.5 percent, to end at $52.49 per barrel.
read more... 22/12/2016
Daily: Oil prices up, but below session highs on Libya’s pipeline restarts
Crude oil prices boosted on Tuesday but closed below session highs after Libya unveiled the restarts of pipelines after a two-year blockade that ended earlier this month. Benchmark Brent crude for February delivery rose by 43 cents, or 0.8 percent, to settle at $55.35 a barrel after touching an intraday high of $55.92. U.S. crude futures a gained 1.46 percent to $52.88 a barrel. Libya expects to add 270,000 barrels a day in state production in the next three months.
read more... 21/12/2016