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Daily (15.02.2019): EU carbon prices slumped by around 6% to hit again a 2-month low on Thursday

Oil prices surged on Thursday, backed by OPEC-led supply cuts and expectations for a potential end to the U.S.-China trade talks. Brent oil extended a three-day winning streak, posting a 1.5% daily gain to settle at $64.57 a barrel. WTI crude rose less, by nearly 1% to $54.41 a barrel, as gains were limited by the lowest U.S. retail spending data since 2009 which raised worries over slower global economic growth.

read more... 15/02/2019

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Daily (13.02.2019): EU carbon prices fell by over 7% to hit a new 2019 low

Oil prices reversed trend to hike on Tuesday, stimulated by the steep OPEC supply cuts, led by Saudi Arabia’s biggest drop in pumping activity. Brent oil traded 1.5% higher at $62.42 a barrel, while WTI crude increased by 1.3% to $53.10 a barrel.

read more... 13/02/2019

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Daily (12.02.2019): European power prices for 2020 delivery tumbled on Monday tracking weaker coal and carbon markets

Uncertainty about the restart of the trade talks between U.S. and China outweighed the support from OPEC-led supply cuts on Monday. A strengthening dollar put more pressure on prices. Consequently, oil prices retreated, with Brent oil trading nearly 1% down at $61.51 a barrel. WTI futures edged 0.6% lower at $52.41 a barrel.

read more... 12/02/2019

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Daily (08.02.2019): WTI crude tumbled by 2.5% on Thursday, due to rising U.S. crude production and inventories

Oil prices retreated on Thursday, amidst rising U.S. crude inventories and upbeat production levels. However, Washington sanctions against Venezuela and OPEC supply cuts supported the markets. As a result, Brent crude dipped by 1.7% to 61.63 USD/bbl, while WTI crude plunged by 2.5% to 52.64 USD/bbl.

read more... 08/02/2019

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Daily (05.02.2019): EU carbon prices soared by almost 5% on Monday, ahead of an industry conference this week.

Oil prices saw a small drop on Monday influenced by the recent positive sentiment that China-U.S. relations will reach a comprehensive trade deal. However, losses were limited by OPEC supply cuts and U.S Sanctions on Venezuelan oil exports. As a result, Brent crude fell by 0.4% to 62.51 USD/bbl, while WTI crude dropped by 1.3% to settle at 54.56 USD/bbl.

read more... 05/02/2019

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