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Daily (07.07.2017): EU carbon prices jumped by 4% to hit one-month high on Thursday
Oil rose on Thursday, recovering some ground as the data from the American Petroleum Institute on Wednesday showed U.S. crude inventories fell more sharply than expected. Also, weekly inventory figures from the U.S. EIA confirm a heavy drop in crude stocks. Traders consider that there is a potential for oil prices to rise much higher. Brent crude jumped by almost 0.7% to end at $ 48.11 a barrel, while the WTI price soared increased by 0.9% to $45.52 a barrel.
read more... 07/07/2017
Daily (06.07.2017): Oil prices fell by around 4% on Wednesday
Oil prices fell on Wednesday, ending their longest bull run in more than five years, due to increasing OPEC exports and a stronger dollar. Brent crude slumped by almost 3.7% to end at $47.79 a barrel, while the WTI price edged 4.08% down to $45.13 a barrel.
read more... 06/07/2017
Daily (05.07.2017): German spot power contract rose by over 11% on Tuesday
Oil prices flirted with both positive and negative territory on Tuesday, as many traders closed positions ahead of the U.S. Independence Day holiday on July 4. Brent also faced technical resistance as it approached $50 a barrel, on tentative signs that a persistent rise in U.S. crude production might be slowing. Brent crude decreased by 7 cents to end at $49.61 a barrel, while the WTI price settled at $47.05 a barrel.
read more... 05/07/2017
Daily (04.07.2017): British prompt gas prices rose by almost 6% on Monday
Oil prices increased on Monday, resuming its longest trend of daily gains in more than 5 years after data pointed to falling U.S. output. Even though some analysts consider that rising OPEC production could cap gains and reverse the tendency to bearish in the nearest future. Brent crude soared by almost 3.7% to end at $49.68 a barrel, while the WTI price jumped by 2.24% to settle at $47.07 a barrel.
read more... 04/07/2017
Daily (03.07.2017): WTI oil price soared by 2.5% on Friday; weak dollar
Oil prices rose for a seventh straight session on Friday supported by weakening U.S. dollar, which fell to its lowest level since October.
read more... 03/07/2017