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Daily (23.12.2019): Brent ends the week 1.4% higher on optimistic expectations for global economy

Oil futures ended lower on Friday, but both benchmarks posted a third consecutive weekly gain, mostly bolstered by easing of U.S.-China trade developments, optimistic expectations for the global economy and OPEC+ decision to deepen production cuts.

read more... 23/12/2019

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Daily (20.12.2019): NBP spot gas soars 6% on Thursday due to weak flows from Norway and LNG deliveries

Crude oil futures hit a fresh three-month high on Thursday, spurred by a mix of factors: falling U.S. crude stockpiles, soothing U.S.-China trade conflict and OPEC+ output cuts. Brent crude for February delivery rose by 37 cents, or 0.6%, to settle a t $66.54 a barrel, increasing for the sixth consecutive day.

read more... 20/12/2019

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Daily (13.12.2019): British forward gas prices jumped by around 5% on Thursday following Trump’s comments related to a deal with China

Oil futures settled higher on Thursday, buoyed by the news that the U.S. and China were close to ink a deal on the ongoing trade war. However, the oil’s increase was due to a combination of macro factors: China, OPEC cuts, easy U.S. monetary policy. Brent for February delivery rose 48 cents, or 0.8% to settle at $64.20 a barrel on ICE Futures Europe Exchange. WTI crude for January ended at $59.18 per barrel, reflecting a 0.7% gain.

read more... 13/12/2019

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Daily (11.12.2019): UK month-ahead gas price down around 2% due to a potential Kiev-Moscow new gas transit deal

Crude oil prices finished higher on Tuesday, getting a boost after OPEC and its allies decided to deepen oil production cuts by 500,000 bpd, but gains were kept in check as U.S.-China war still puts pressure on demand. Brent crude rose by 9 cents, or 0.1% to settle at $64.34 a barrel on ICE Futures Europe.. WTI crude increased by 22 cents, or 0.4% to close at $59.24 a barrel on NYMEX.

read more... 11/12/2019

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Daily (10.12.2019): German spot electricity price soars 61% on Monday on lower wind output

Crude oil prices lost ground on Monday as exports from China shrank for a fourth straight month, escalating concerns about U.S.-China trade war over the global economy. Brent crude eased 14 cents, or 0.2%, to settle at $64.25 per barrel, after a gain of about 3% last week on news that OPEC+ would deepen output cuts. WTI crude oil lost 18 cents, or 0.3% to close at $59.02 a barrel on NYMEX.

read more... 10/12/2019

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