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Daily (12.11.2019): French spot power price surged by over 16% on forecasts for higher demand amid colder weather
Oil prices dropped on Monday due to a lack of direction in the U.S- China trade negotiations. Hence, Brent crude closed 0.5% lower at $62.18 a barrel, while WTI futures fell by 0.7% to $56.86 a barrel.
read more... 12/11/2019
Daily (11.11.2019): NBP spot jumped by 7.2% on Friday due to colder weather
Oil prices inched up on Friday despite U.S President Donald Trump not agreeing to decrease tariffs on China, but still accepting a potential deal to be struck by the end of the month. Hence, Brent crude traded 0.4% higher at $62.51 a barrel. WTI futures edged 0.2% higher at $57.24 a barrel.
read more... 11/11/2019
Daily (08.11.2019): NBP spot jumped by 5.5% on Thursday amid higher demand and weaker Norwegian pipeline supply
Crude oil prices firmed on Thursday, amid optimistic signs from China suggesting that the trade deal with the U.S. is moving closer to a much-awaited conclusion, raising hopes for a stronger crude demand. Under such circumstances, WTI futures spiked by 1.4% to $57.15 a barrel, while Brent crude inched up by 0.9% at $62.29 a barrel.
read more... 08/11/2019
Daily (07.11.2019): EUAs fell by around 2.8% on Wednesday due to strong auction supply and concerns over a slowing economic growth in the EU
Crude oil prices retreated on Wednesday, weighed by a higher-than-predicted rise in the U.S. crude inventories. Reports showing a sluggish growth in Germany’s services sector and Eurozone business activity close to stagnation put more pressure on the market. As a result, Brent crude traded 1.9% lower at $61.74 a barrel, while WTI futures sank by 1.5% to $56.35 a barrel.
read more... 07/11/2019
Daily (06.11.2019): NBP spot climbed by 9% on Tuesday amid strong demand
Optimism over a nearing U.S.-China trade agreement and a potential suspension of some U.S. tariffs on Chinese imports pushed crude oil prices higher on Tuesday. Hence, Brent crude rose by 1.3% to $62.96 a barrel. In the meantime, WTI futures ended 1.2% up at $57.23 a barrel.
read more... 06/11/2019