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Daily (13.06.2018): Brent crude settled 0.8% lower on Tuesday ahead of OPEC meeting on the 22nd of June

Predictions that voluntary output reductions led by OPEC might be eased weighed down on Brent crude on Tuesday, which closed 0.8% lower at $75.88 a barrel. OPEC warned about downside risks to demand in the last quarters of the 2018, stating that oil market outlook is uncertain.

read more... 13/06/2018

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Daily (25.05.2018): European carbon prices jumped by 1.8% to new seven-year highs on Thursday

Oil prices declined to largest one-day drop in two weeks on Thursday, on expectations that OPEC could gradually end an output deal due to concerns related to supplies from Venezuela and Iran. Brent crude lost $1.01, or 1.3%, to end at $78.79 a barrel. WTI futures dropped by $1.13, or 1.6%, to close at $70.71 a barrel.

read more... 25/05/2018

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Daily (24.05.2018): German day-ahead power price dropped by 8% on Wednesday on lower consumption and stronger wind output

Oil prices were mixed on Wednesday. Brent futures soared following a report that OPEC might scale back its agreement to curb oil production at its June meeting, adding $0.23, or 0.3%, to close at $79.80 a barrel. WTI futures lost $0.36, or 0.5%, due to an unexpected hike in U.S. crude stockpiles, to settle at $71.84 a barrel.

read more... 24/05/2018

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Daily (23.05.2018): European carbon prices soared by 2.4% on Tuesday to hit new seven-year peaks

Oil prices were mixed on Tuesday. Brent futures rose close to $80 a barrel level on Tuesday, adding $0.35, or 0.4%, on concerns that decreasing Venezuelan crude output and a potential decline in Iranian exports could further reduce global supply. Brent crude settled at $79.57 a barrel. WTI futures slightly fell due to expectations that OPEC may raise supplies as early as June, to settle at $72.20 a barrel.

read more... 23/05/2018

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Daily (15.05.2018): Brent crude jumped by 1.4% on Monday, global oil oversupply almost eliminated

Oil prices soared on Monday after OPEC declared that the global oil oversupply has been virtually eliminated. Brent crude gained $1.11, or 1.4%, to end at $78.23 a barrel. WTI futures rose $0.26, or 0.4%, to close at $70.96 a barrel.

read more... 15/05/2018

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