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Daily (05.07.2019): EU carbon prices dropped by around 1.8% on Thursday in a weaker auction

Crude oil prices declined in a thin trading due to a public holiday in the U.S. on Thursday, influenced by a smaller-than-anticipated drop in the U.S. crude inventories. Concerns of a scarce demand stoked by weaker U.S. factory orders and slower business growth in Europe also weighed on prices. However, this week’s decision on the extension of OPEC+ output cuts limited losses. Against that background, Brent crude lost 0.8% to settle at $63.30 a barrel, while WTI futures ended 0.9% lower at $56.80 a barrel.

read more... 05/07/2019

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Daily (04.07.2019): NBP spot jumped by 2.2% on Wednesday, due to outages in Norway

Crude oil prices added ground on Wednesday, as major U.S. stock indexes closed at record high levels. Moreover, a decrease in the number of oil rigs, operated by U.S. energy firms, for the first time in three weeks, also lent support to prices. As a result, Brent crude climbed by 2.3% to $63.82 a barrel, while WTI futures closed 1.9% higher at $57.34 a barrel.

read more... 04/07/2019

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Daily (03.07.2019): Crude oil prices fell by over 4% on Tuesday, weighed by demand worries

Crude oil prices posted an important loss on Tuesday, pressured by global oil demand concerns raised by weaker factory activity in Europe and Asia in June as well as by downbeat U.S. manufacturing data nearing a three-year low. Moreover, investors seemed to be rather disappointed that OPEC didn’t agree on larger output cuts. As a result, WTI futures plunged by 4.8% to $56.25 a barrel, while Brent crude tumbled by 4.1% to $62.40 a barrel.

read more... 03/07/2019

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Daily (02.07.2019): NBP spot spiked by 11% on Monday, due to outages at Norwegian gas infrastructures

Crude oil prices diverged on Monday. WTI futures inched up by 1.1% to $59.09 a barrel, following OPEC’s decision to extend its output cuts by another nine months until March 2020. Prices were also supported by the easing of trade tensions between U.S. and China, as their presidents agreed not to impose further tariffs on U.S. and Chinese goods. However, Brent crude settled 2.2% lower at $65.06 a barrel, due to persistent demand worries stoked by the slowing global economy and surging U.S. crude production.

read more... 02/07/2019

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Romanian companies will pay higher prices for natural gas

The price of domestic natural gas traded on the local exchange in May averaged RON 101.2 (EUR 42) per MWh, a historical record for Romanian gas, according to data from the Romanian Commodities Exchange consulted by Agerpres.

read more... 02/07/2019

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