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Daily (26.07.2019): EU carbon prices failed to hit the €30 mark on Thursday, as sellers unloaded inventory

Oil prices inched up on Thursday, bolstered by rising tensions between U.S. and Iran and a sharp drop in U.S. crude stockpiles. However, slower global economic growth that could reduce fuel demand limited gains. As a result, Brent crude edged 0.3% higher at $63.39 a barrel, while WTI futures closed 0.3% up at $56.02 a barrel.

read more... 26/07/2019

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Daily (25.07.2019): NBP spot plunged by 3.7% on Wednesday, as Sterling hit a one-month high versus the euro

Crude oil prices nudged down on Wednesday, despite a large decrease in U.S. crude stockpiles as investors are concerned about global oil demand. Saudi Arabia’s and Kuwait’s plans to resume oil production in the Saudi–Kuwaiti Neutral Zone also put pressure on oil prices. As a result, Brent crude inched 1% down at $63.18 a barrel, while WTI futures settled 1.6% lower at $55.88 a barrel.

read more... 25/07/2019

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Daily (24.07.2019): EU carbon prices jumped to their 2006 peak on Tuesday, on supportive bullish signals and an expected heatwave

Crude oil prices added ground on Tuesday, after data showed a much larger-than-expected fall in the U.S. crude stocks. Meanwhile, weaker demand forecasts and the full restart of Libya’s largest oil field reduced gains. Against that backdrop, Brent crude traded 0.9% higher at $63.83 a barrel, while WTI futures closed 1% up, at $56.77 a barrel.

read more... 24/07/2019

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Daily (19.07.2019): NBP spot slumped by 4% on Thursday, due to increased supply and weak demand

Crude oil prices continued their downward evolution on Thursday, influenced by lower U.S. equities markets. Prices were also weighed by an expected rise in the U.S. offshore oil output, as platforms have been returning to service after the Hurricane Barry passed through the Gulf of Mexico last week. Brent crude sank by 2.7% to $61.93 a barrel, while WTI futures dipped by 2.6% to $55.30 a barrel.

read more... 19/07/2019

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German coal imports could fall 10% in 2019 in face of rising renewable power

Germany’s hard coal imports may fall for the fourth year in a row this year and by around 10% from 2018 levels, importers’ group VDKi forecast on Thursday, citing competition from renewable energy and slack demand from steelmakers.

read more... 19/07/2019

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