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Daily (10.01.2019): WTI crude jumped by over 5% on U.S.-China trade negotiations optimism

Oil prices soared on Wednesday on optimism that the U.S.-China trade talks extended into the extra third day could ease tensions. The ongoing crude output cuts by OPEC, aimed at reducing an emerging glut, also supported prices. Brent crude rose sharply by 4.7% to $61.44 a barrel, while WTI futures surged by 5.2% to $52.36 a barrel.

read more... 10/01/2019

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Daily (09.01.2019): German spot power contract was 15.9% higher on Tuesday on low wind output

The strong upward evolution in oil prices on Tuesday was caused mainly by OPEC-led crude production cuts. The bullish trend was also backed by signs of progress in U.S.-China trade talks. Officials of the world’s two biggest economies expressed optimism on resolving the dispute. Brent crude soared by 2.4% to $58.72 a barrel, while WTI crude jumped by 2.6% to $49.78 a barrel.

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Daily (08.01.2019): NBP spot plummeted by 6.5% on Monday due to an oversupplied system

Oil prices surged for the fifth consecutive day on Monday due to cuts in production by OPEC and its allies, as well as the recovery in equity markets. While Brent crude edged 0.5% higher at $57.33 a barrel, WTI crude gained 1.2% to close at $48.52 a barrel. Gains were limited by reduced crude inventories in the US.

read more... 08/01/2019

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Daily (04.01.2019): Brent crude surged by around 2% on Thursday due to OPEC production cuts

Oil prices continued the upward trend in a volatile session on Thursday. Saudi Arabia’s production cuts under OPEC agreement tempered the concerns about a supply glut. Moreover, OPEC is set to support the market through more-than-planned output cuts by the end of January. Consequently, Brent crude rose by 1.9% to $55.95 a barrel, while WTI crude was 1.2% up at $47.09 a barrel.

read more... 04/01/2019

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Daily (27.12.2018): Brent crude jumped by 8% on Wednesday due to OPEC efforts to cut output

Oil prices turned bullish on Wednesday, as OPEC strives to support the market by reducing output. Consequently, Brent crude surged by 7.9% to $54.47 a barrel, while WTI price soared by 8.7% to close at $46.22 a barrel.

read more... 27/12/2018

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