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Daily (29.07.2019): EU spot power prices plunged by over 22% on Friday, due to forecasts for cooler weather

Crude oil prices edged up on Friday, backed by stronger consumer spending in the U.S. and heightened concerns about safety of oil transport around the Strait of Hormuz. Lower U.S. crude stocks lent more support to prices. However, gains were limited by fears that oil demand would decline due to slower global economic growth. Against that backdrop, Brent crude advanced by only 0.1% to $63.46 a barrel, while WTI futures rose by 0.3% to $56.20 a barrel.

read more... 29/07/2019

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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 (23.07.2019): European spot power prices soared by over 32% on Monday, due to an expected heatwave in the region

Crude oil prices strengthened on Monday on concerns for possible supply disruptions in the Middle East after Iran captured a British tanker last Friday. As a result, Brent crude rose by 1.3% to $63.26 a barrel, while WTI futures added 1% to settle at $56.22 a barrel.

read more... 23/07/2019

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