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Daily (31.10.2017): Higher gas consumption in the UK boosted prompt prices on Monday

Brent oil price rose on predictions that OPEC-led output reductions would be prolonged beyond March even though higher Iraqi exports put a cap on prices. Brent crude futures increased by 46 cents, or 0.8 percent, to settle at $60.90 per barrel, its highest level since July 2015. Meanwhile, U.S. West Texas Intermediate (WTI) crude futures surged 0.5% to $54.15 a barrel.

read more... 31/10/2017


Daily (30.10.2017): Oil prices surged 2% on Friday due to expected extension of output reduction

Oil prices jumped about 2 percent on Friday, with global benchmark Brent crude surging above $60 per barrel, on support among the world's major producers for prolonging a deal to reduce output.

read more... 30/10/2017


Daily (27.10.2017): Brent crude price hit a 27-month peak on Thursday

Brent crude settled at a 27-month peak on Thursday as the market concentrated more on comments from Saudi Arabia about stopping a global supply glut instead of an unpredicted rise in U.S. crude inventories, increased U.S. output and exports.

read more... 27/10/2017


Daily (26.10.2017): German spot power prices boosted by lower wind generation and colder weather

Oil stabilized on Wednesday close to a four-week peak after major exporter Saudi Arabia stated that it was determined to stop a supply glut that has influenced the market for three years. Brent crude futures rose 11 cents, or 0.20%, to end at $58.44 a barrel. Meanwhile, U.S. West Texas Intermediate crude traded 0.6% down at $52.27.

read more... 26/10/2017


Daily (20.10.2017): German year-ahead power contract ended 18.5% down on Thursday after having hit a peak of 3 years and 9 months

Oil prices fell on Thursday, pressured by bigger-than-anticipated product inventories in the United States and some profit-taking after the latest run-up in oil benchmarks. Brent crude futures traded 92 cents, or 1.6 percent, lower at $57.23 from Wednesday's mid-week peak of $58.15 a barrel.

read more... 20/10/2017