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Daily (29.08.2017): Gasoline prices boosted by Hurricane Harvey, but crude oil prices lower
Oil prices fell on Monday as diminished oil supply was offset by the refinery shutdowns due to Hurricane Harvey. Traders expect refineries demanding less oil as they take weeks to come back on line. Brent crude, on the other hand, stayed stronger as the U.S. will demand product from Europe as well as due to some shut down of Libyan oil production over the weekend. Brent crude closed 1% down at $51.89, while WTI price lost 2.71% to end at $46.57 a barrel.
read more... 29/08/2017
Daily (28.08.2017): Oil prices rose on Friday as the US are heavily hit by Hurricane Harvey
Oil prices rose on Friday, as the U.S. dollar weakened and the U.S. Gulf Coast is being hit by Hurricane Harvey, likely to become the biggest storm to affect United States mainland in more than a decade. Refineries, terminals, onshore and offshore production operations and other infrastructure have been shut down or begun storm preparations. Brent crude edged up by 0.71% to $52.41 a barrel, while WTI price surged by almost 1% to end at $47.87 a barrel.
read more... 28/08/2017
Daily (25.08.2017): Expected decline in wind and nuclear production lifts electricity prices
Oil prices dropped on Thursday as Hurricane Harvey, expected to come ashore as the strongest storm to hit the U.S. mainland in 12 years, threatened oil operations along the energy hub on the U.S. Gulf Coast. Brent crude settled down 53 cents a barrel, or 1 percent, at $52.04. Meanwhile, WTI crude price fell 2% to $47.43 a barrel.
read more... 25/08/2017
Daily (24.08.2017): Carbon prices hit new 6-month high on Wednesday
Oil prices soared on Wednesday after U.S. crude inventories dropped for the eighth straight week and as a storm approached the Gulf Coast with the potential to disrupt the production of oil and refined products. Brent crude futures settled 70 cents up to $52.57 a barrel, while U.S. West Texas Intermediate was trading at $48.41, up 58 cents.
read more... 24/08/2017
Restructuring of Polish mining industry boosts net profits
The Polish coal mining industry saw an 80% rise in net profits this year compared to the last, when the coal mining industry was in the process of restructuring and coal prices were high.
read more... 23/08/2017