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Daily (16.12.2019): Crude oil surged by over 1.5% on Friday on U.S.-China trade hopes, UK election outcome
Crude oil prices settled higher on Friday, rallying to their highest level since around three-months on Friday, buoyed by progress on trade between the U.S.-China and the outcome of the general election in Britain. Brent crude for February delivery advanced $1.02, or 1.6% to settle at $65.22 on the London-based ICE Futures Europe Exchange. WTI crude for January delivery rose 89 cents or, 1.5% to stand at $60.07 a barrel on the New York Mercantile Exchange.
read more... 16/12/2019
Daily (13.12.2019): British forward gas prices jumped by around 5% on Thursday following Trump’s comments related to a deal with China
Oil futures settled higher on Thursday, buoyed by the news that the U.S. and China were close to ink a deal on the ongoing trade war. However, the oil’s increase was due to a combination of macro factors: China, OPEC cuts, easy U.S. monetary policy. Brent for February delivery rose 48 cents, or 0.8% to settle at $64.20 a barrel on ICE Futures Europe Exchange. WTI crude for January ended at $59.18 per barrel, reflecting a 0.7% gain.
read more... 13/12/2019
Daily (12.12.2019): Brent crude down 1% on Wednesday following an unexpected increase in crude inventories
Oil futures ended lower on Wednesday after U.S. government data indicated a surprise increase in domestic supply in crude oil, as well as important gains in gasoline and distillate inventories. Brent crude for February delivery slipped by 62 cents, or around 1% to settle at $63.72 a barrel. WTI crude for January delivery declined 48 cents, or 0.8%, to close at $58.76 a barrel.
read more... 12/12/2019
Daily (11.12.2019): UK month-ahead gas price down around 2% due to a potential Kiev-Moscow new gas transit deal
Crude oil prices finished higher on Tuesday, getting a boost after OPEC and its allies decided to deepen oil production cuts by 500,000 bpd, but gains were kept in check as U.S.-China war still puts pressure on demand. Brent crude rose by 9 cents, or 0.1% to settle at $64.34 a barrel on ICE Futures Europe.. WTI crude increased by 22 cents, or 0.4% to close at $59.24 a barrel on NYMEX.
read more... 11/12/2019
Daily (10.12.2019): German spot electricity price soars 61% on Monday on lower wind output
Crude oil prices lost ground on Monday as exports from China shrank for a fourth straight month, escalating concerns about U.S.-China trade war over the global economy. Brent crude eased 14 cents, or 0.2%, to settle at $64.25 per barrel, after a gain of about 3% last week on news that OPEC+ would deepen output cuts. WTI crude oil lost 18 cents, or 0.3% to close at $59.02 a barrel on NYMEX.
read more... 10/12/2019