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Daily (07.05.2020): Oil prices turned bearish again on Wednesday

Oil prices dropped on Wednesday, as a result of an oversupplied system and a persistent weak demand. Despite a recovery in prices in the last days, International benchmark Brent crude settled 4% lower at $29.72 a barrel. West Texas Intermediate, the U.S. benchmark, fell by 2.3%, or 57 cents, to settle at $23.99 a barrel.

read more... 07/05/2020

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Carbon rebounds from 1-month low

Carbon prices on Monday afternoon rebounded from one-month lows touched in early trading amid some supportive technical signals and despite gas prices falling to new lows.

read more... 05/05/2020

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Daily (05.05.2020): British gas prices firmed on Monday amid a short system, higher exports and bullish oil markets

Crude oil futures edged higher on Monday as more countries unveiled they would begin easing coronavirus lockdowns and after the production quotas for the main oil exporting countries entered into force at the end of last week. Hence, Brent crude for July delivery soared by 76 cents, or 2.9%, to settle at $27.20 a barrel. At the same time, U.S. WTI crude surged by 61 cents, or 3%, to settle at $20.39 a barrel.

read more... 05/05/2020

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Daily (27.04.2019): WTI oil rebounded by 2.7% on Friday, following a record decline in U.S and Canadian active oil rigs

Crude oil prices inched higher on Friday, after U.S and Canadian oil producers cut the number of active rigs by the most in a month since 2015. Consequently, Brent crude for June delivery traded 0.5% higher at $21.44 a barrel. Similarly, WTI futures rose by 2.7% to $16.94 a barrel.

read more... 27/04/2020

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RWE’s Q1 lignite output plunges 36% on poor market condition

Lignite-based power generation at German utility RWE has dwindled 4.9 TWh, or 36%, year on year in 2020’s first quarter, with the firm attributing the fall to low power prices, it said late on Thursday.

read more... 24/04/2020

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