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Daily (24.09.2018): Gas prices on the curve jumped on Friday on colder weather and increased demand

Oil crude prices edged slightly higher on Friday, following a report indicating that OPEC and non-OPEC countries envisage to boost crude production by 500,000 barrels per day to counterbalance reducing supply from Iran after Washington’s imposed sanctions. Brent price rose by 0.1% to $78.80 a barrel. WTI crude closed 0.7%, or 46 cents, up at $70.78 a barrel.

read more... 24/09/2018

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Daily (19.09.2018): Oil prices gained almost 1.5% on Tuesday, due to concerns over global supply

Oil crude prices surged on Tuesday, prior to OPEC’s meeting on the possibility to raise production, as Iranian output might decline once U.S. sanctions will take effect from November. However, gains were capped by continuous trade disputes between U.S. and China. Brent crude added 1.3% to close at $79.03 a barrel. WTI crude increased by 1.4% to $69.85 a barrel.

read more... 19/09/2018

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Daily (04.09.2018): Brent crude rose by almost 1% on Monday, ahead of the second wave of U.S. sanctions

Oil crude prices hiked on Monday, due rising concerns about reduced supplies globally after U.S. sanctions against Iran will be applied in late autumn. Brent crude price increased by 0.9% to $78.15 a barrel. Meanwhile, WTI crude price was 0.4% up at $70.09 a barrel, as stronger supply from OPEC and the US limited gains.

read more... 04/09/2018

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Russia’s Oil Production Nears Record High

Russia’s oil production in August was virtually flat compared to July as Moscow kept output at near post-Soviet record, after having reversed most of its production cuts under the OPEC+ deal the previous month.

read more... 04/09/2018

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Daily (28.08.2018): Europe power prices on the curve hit new peaks on Monday, following bullish carbon markets

Worries that ongoing trade tensions between China and U.S. would lead to a demand reduction, boosted oil prices on Monday. Nevertheless, a rise in OPEC's and Russian output put a cap on prices. Brent crude oil edged 0.5% higher to settle at $76.21 a barrel. WTI crude closed at $68.87 a barrel, or 0.2% higher.

read more... 28/08/2018

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