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Daily (04.12.2018): Brent crude hiked by 5.1% on Monday, as US-China trade war tensions eased

Oil prices jumped on Monday, after Qatar decided to quit the OPEC club in January 2019. Furthermore, US-China trade tensions eased as no additional tariffs will be imposed during a period of 90-days. Expectations for OPEC supply reduction also stimulated prices. Brent crude price increased by 5.1% to $61.69 a barrel. Meanwhile, WTI crude gained 4% to $52.95 a barrel.

read more... 04/12/2018

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Daily (03.12.2018): EUAs continued their bullish run on Friday, posting an increase of over 2%

A stronger dollar and global oversupply put pressure on oil prices on Friday. Nevertheless, losses were limited ahead of the 175’th Summit in Vienna, where OPEC and Russia will potentially talk about measures to reduce output. Brent crude price was 1.3% down at $58.71 a barrel, or more than a 1-year low. WTI crude also fell 1% to $50.93 a barrel.

read more... 03/12/2018

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Daily (29.11.2018): NBP spot gas price lost almost 5% on Wednesday, due to an oversupplied system

A decrease in oil crude prices was seen on Wednesday due to global oversupply. The price for Brent declined by 2.4% to $58.76 a barrel, or more than 30% down from a 4-year high reached in October. OPEC is planning a summit in Vienna next week to discuss the necessity of output reductions. Meanwhile, WTI crude traded 2.5% down at $50.29 a barrel.

read more... 29/11/2018

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Daily (20.11.2018): The French power spot price jumped by almost 58% on Monday, due to lower nuclear availability and colder weather forecasts

A reduction in U.S. crude stocks and a potential cut in OPEC production contributed to a slight increase in oil prices on Monday, after a volatile session. Concerns over the continuous trade war between US and China limited gains, keeping Brent crude almost flat at $66.73 a barrel. Meanwhile, WTI crude prices soared by 1.3% to close at $57.2 a barrel.

read more... 20/11/2018

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Daily (15.11.2018): European year-ahead power prices fell by over 1% on Wednesday, tracking weaker CO2 and coal markets

Oil prices surged on Wednesday, recovering from recent lows as OPEC partners are focusing on output cuts in order to support the market. Nevertheless, gains were still limited by the escalating trade war between the worlds’ biggest economies — U.S. and China. Both Brent crude and WTI rose 1% to settle at $66.12 and at $56.25 a barrel respectively.

read more... 15/11/2018

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