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Brexit is likely to raise UK power prices
Using its fundamental analysis model, KYOS has quantified the potential implications of a Brexit. The analysis suggests a 9.5% increase in GB power prices in 2020.
read more... 23/06/2016
Daily: British prompt gas prices jump on undersupplied gas system
Crude oil prices ended lower on Tuesday on profit taking after a two-day hike, then rebounded in post-settlement trade after figures indicated a bigger-than-expected draw in U.S. crude inventories. Brent crude futures for August delivery eased 3 cents to settle at $50.62 a barrel. In post-settlement, it climbed to as high as $51.10, encouraged by the crude draw reported by API. U.S. crude futures' expiring July front-month contract ended down 52 cents, or 1 percent, to close at $48.85 a barrel. The August contract, which will be front month from Wednesday, declined 11 cents at $49.85 and increased to $50.40 in post-settlement.
read more... 22/06/2016
Daily: Crude oil hikes 3 percent as Brexit fears ease
Crude oil prices rallied 3 percent on Monday, increasing for a second consecutive day, after an opinion poll showing lower possibility of Britain to exit the European Union, while U.S. gasoline hiked 5 percent in anticipation of peak summer spurring demand. Brent contract for August delivery rose $1.48, or 3 percent, to settle at $50.65 a barrel. U.S. crude's West Texas Intermediate (WTI) futures climbed $1.39, or 2.9 percent, to close at $49.37 a barrel for the July front-month. The WTI contract for August delivery, the new front-month contract from Wednesday, rose by 3 percent to end at $49.96.
read more... 21/06/2016
Daily: Crude oil rebounds 4 % on less anxiety about Britain's possible exit from the European Union
Crude oil prices rebounded about 4% on Friday, as a weaker dollar and fears ease about Britain’s possible exit from the European Union prompted investors to purchase riskier assets. Brent crude futures' front-month contract rose by $1.98, or 4.2%, to settle at $49.17 a barrel. The front-month in U.S. crude's West Texas Intermediate (WTI) futures boosted $1.77, or 3.8%, to end at $47.98. For the week, Brent declined nearly 3% and WTI lost more than 2%.
read more... 20/06/2016
Daily: Oil dives 4% on fears about Britain exit
Crude oil prices dipped 4 percent and reached one-month lows on Thursday, ending down for a sixth consecutive day, on worries about global economic turmoil if Britain exits the European Union. However, oil pared losses as the sterling appreciated, but crude fell again in post-settlement trade to hit fresh lows on the day. Brent crude futures' front-month contact closed down $1.78, or 3.6 percent, at $47.19 per barrel. The front-month in U.S. West Texas Intermediate (WTI) crude futures lost $1.80, or 3.8 percent, to settle at $46.21 a barrel.
read more... 17/06/2016