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Daily (03.01.2020): German spot power dips 33% on Thursday as wind output is set to double
Crude oil prices posted modest gains on Thursday on escalating tensions in the Middle East and signs that the initial trade deal with China at the White House will be inked this month. Nevertheless, a stronger U.S. dollar limited the gains.
read more... 03/01/2020
Daily (31.12.2019): New Year’s Eve saw a strong bearish evolution in forward energy prices
Crude oil evolved differently on Monday, but held near three-month high on Monday, spurred by declining U.S. crude inventories and hopes for an expected China-U.S. deal. However, intensified geopolitical risk following U.S. air strikes in Iraq and Syria gave the commodity a boost.
read more... 31/12/2019
Daily (30.12.2019): Oil posted the fourth weekly gain on Friday due to a decline in crude stocks, revived optimism after the US-China deal
Oil posted the longest streak of weakly gains since April, as government report unveiled U.S. crude inventories fell to the lowest level in two months. Moreover, an equity market rally and revived optimism of economic growth following U.S.-China deal, has lent more support to crude oil prices for the fourth consecutive week.
read more... 30/12/2019
Daily (26.12.2019): Crude oil prices soared in pre-Christmas trade on supply cuts commitments
Crude oil prices soared on Tuesday in thin pre-Christmas trade on Russia’s pledge to honor production cuts promised to OPEC and after U.S. President Donald Trump reiterated the conclusion of the first phase of the U.S.-China trade deal.
read more... 26/12/2019
Daily (24.12.2019): HO-HO-HO! UK spot gas down 9% on Christmas Eve, after Russia-Ukraine transit gas deal
Oil prices settled slightly higher on Monday, due to thin trading despite a report indicating that a producer group led by the OPEC may consider easing output restrictions.
read more... 24/12/2019