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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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Daily (14.11.2018): Oil prices dropped by around 7% on Tuesday, due to oversupply

Oil prices plummeted on Tuesday, due to a rise in production and concerns over a slower consumption growth in 2019. OPEC and non-OPEC members are discussing the need for output reductions to avoid a significant rise in stocks. Brent crude declined by 6.6% to settle at $65.47 a barrel, while WTI crude tumbled by 7.1% to end at $55.69 a barrel.

read more... 14/11/2018

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Daily (13.11.2018): NBP spot gas price added almost 8% on Monday, due to stronger demand

Oil prices edged lower on Monday, following OPEC’s reaction to add more supply in order to cover potential losses of Iranian barrels, after sanctions against crude exports from the Islamic Republic were re-imposed on November 4. Brent crude was almost flat at $70.12 a barrel, while WTI crude lost 0.4% to $59.93 a barrel.

read more... 13/11/2018

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