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Daily (29.03.2019): EU Carbon Prices Up by Nearly 2% on Thursday

Oil prices ended close to an equilibrium on Thursday after initially dropping in the wake of a new call from US President Donald Trump for an increase in OPEC’s production in order to bring rising prices down. Brent crude was almost steady at $67.82 a barrel, while WTI futures slipped by 0.2 % to $59.30 a barrel, as losses were capped by constant support from OPEC-led supply cuts and U.S. sanctions on Venezuelan and Iranian exports.

read more... 29/03/2019

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Daily (28.03.2019): WTI futures declined by nearly 1% after unexpectedly higher U.S. crude stockpiles data

Crude oil prices lost ground on Wednesday, following EIA data which showed higher-than-anticipated crude inventories in the U.S. last week due to hampered crude cargoes traffic along the Houston Ship Channel and slower refining operations. The fall in prices was nevertheless limited by OPEC’s supply cuts and the disruption in Venezuelan exports caused by the second massive power blackout this month. Brent crude traded 0.2% down at $67.83 a barrel, while WTI futures lost 0.9 % to end at $59.41 a barrel.

read more... 28/03/2019

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Daily (21.03.2019): A sharp drop in crude inventories led to a 2% rise in WTI crude on Wednesday

Oil prices soared on Wednesday buoyed by U.S. government data that showed a sharp drop in crude inventories due to strong export and increasing refining demand. As such, Brent crude rose by 1.3% to $68.50 a barrel, while WTI futures traded 2% higher at $60.23 a barrel. Still, gains could be limited by concerns on the ongoing U.S.-China trade war and its effects on global demand.

read more... 21/03/2019

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Daily (14.03.2019): Electricity prices on the curve slumped by around 3% on Wednesday due to weaker coal and carbon markets

Oil prices rose on Wednesday following a strong decline in U.S. inventories and due to sanctions that stalled exports from Venezuela. Brent crude added $0.88, or 1.3%, to close at $67.55 a barrel. WTI futures settled 2.4% higher at $58.26 a barrel.

read more... 14/03/2019

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Daily (13.03.2019): NBP spot tumbled by 4% on Tuesday, due to strong wind power output and rising temperatures

Oil prices inched up on Tuesday, supported by Saudi Arabia's plan to tighten supply in April. A shortage in Venezuelan oil exports due to a power outage also boosted prices. However, gains were limited by rising U.S. crude production. Both Brent and WTI crude rose by 0.1% to $66.67 a barrel and $56.87 a barrel respectively.

read more... 13/03/2019

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