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Daily (25.05.2018): European carbon prices jumped by 1.8% to new seven-year highs on Thursday

Oil prices declined to largest one-day drop in two weeks on Thursday, on expectations that OPEC could gradually end an output deal due to concerns related to supplies from Venezuela and Iran. Brent crude lost $1.01, or 1.3%, to end at $78.79 a barrel. WTI futures dropped by $1.13, or 1.6%, to close at $70.71 a barrel.

read more... 25/05/2018

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Daily (24.05.2018): German day-ahead power price dropped by 8% on Wednesday on lower consumption and stronger wind output

Oil prices were mixed on Wednesday. Brent futures soared following a report that OPEC might scale back its agreement to curb oil production at its June meeting, adding $0.23, or 0.3%, to close at $79.80 a barrel. WTI futures lost $0.36, or 0.5%, due to an unexpected hike in U.S. crude stockpiles, to settle at $71.84 a barrel.

read more... 24/05/2018

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Russia's Rosneft discovers new oil field in Iraq

Bashneft International, a subsidiary of Russian state-owned oil company Rosneft discovered a new oil field in Iraq as a result of drilling of the first exploratory well at Block 12, Rosneft said in a press release.

read more... 24/05/2018

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Daily (23.05.2018): European carbon prices soared by 2.4% on Tuesday to hit new seven-year peaks

Oil prices were mixed on Tuesday. Brent futures rose close to $80 a barrel level on Tuesday, adding $0.35, or 0.4%, on concerns that decreasing Venezuelan crude output and a potential decline in Iranian exports could further reduce global supply. Brent crude settled at $79.57 a barrel. WTI futures slightly fell due to expectations that OPEC may raise supplies as early as June, to settle at $72.20 a barrel.

read more... 23/05/2018

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Daily (22.05.2018): WTI futures settled 1.4% to new peak on Monday following geopolitical tensions and postponed U.S and China trade war.

Oil prices rose on Monday, rebounding from earlier losses after geopolitical tensions led to stronger crude market and a trade war between the U.S. and China was declared on hold. Brent futures added $0.71, or 0.9% to close at $79.22 a barrel. WTI crude gained $0.96, or 1.4% to close at $72,24 a barrel, new high.

read more... 22/05/2018

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