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Daily (24.02.2017): Oil pares gains after 7th consecutive rise in crude inventories
Crude oil climbed on Tuesday, but gains were pared after the U.S. government figures indicated a seventh consecutive increase in crude inventories, undermining OPEC’s initiative to cut output.
read more... 24/02/2017
Daily (23.02.2017): UK’s near-term gas prices remain bearish on oversupplied system
Crude oil prices declined over 1 percent on Wednesday on expectations of another rally in U.S. stockpiles, retreating from multi-week highs reached in the last session on OPEC’s optimism over its deal with other producers to slash output.
read more... 23/02/2017
Daily (22.02.2017): Oil up about 1%, after hitting three-week highs
Crude oil prices settled about 1 percent higher on Tuesday on OPEC’s optimism for greater compliance over its deal with other producers, including Russia to reduce output to clear a glut that has weighed on markets since 2014.
read more... 22/02/2017
Daily (20.02.2017): Brent crude posts a 1.6 % weekly loss in a cautious market
Crude oil prices barely changed on Friday, caught between larger-than-anticipated U.S. crude inventories and reports that OPEC members may opt to extend by six-month an agreement to cut production.
read more... 20/02/2017
Daily (16.02.2017): NBP spot gas gets support from unplanned Norwegian outages
Crude oil prices posted a slight decline on Wednesday in a volatile trade, dragged down by a record high in U.S. crude and gasoline stockpiles which fed concerns about a supply glut. However, the bearish inventories data were offset by evidence that OPEC and other producers were complying with agreed supply cuts.
read more... 16/02/2017