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Daily (25.04.2019): NBP spot spiked by around 15% on Wednesday due to rising consumption

Oil prices were mixed on Wednesday. Brent crude edged 0.1% up at $74.57 a barrel, due to ongoing worries that global oil supply would decline after the termination of U.S. sanction waivers on Iranian oil imports on May 1. In the meantime, WTI futures traded 0.6% down at $65.89 a barrel, weighed by stronger U.S. crude production and stocks.

read more... 25/04/2019

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Daily (24.04.2019): The energy complex returned to pre-Easter holidays levels on Tuesday due to firmer demand

Oil prices continued their upward trend on Tuesday, as sanction waivers on Iranian oil imports will stop on May 1. However, U.S. officials consider that increasing U.S. crude production along with supplies from supportive Saudi Arabia and United Arab Emirates are enough to cover global demand. As a result, Brent crude traded 0.6% higher at $74.51 a barrel, while WTI futures rose by 1.1% to $66.30 a barrel.

read more... 24/04/2019

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Daily (23.04.2019): Oil prices surged by 2.9% on Monday after U.S. commitment to cancel waivers on Iranian crude imports

Crude oil prices jumped to a 2019 high on Monday, on prospects of a tighter supply raised by U.S. commitment to end all sanction waivers as of May 1 for the eight countries that import Iranian oil. Ongoing U.S. sanctions against Iran and Venezuela, as well as OPEC’s production cuts also supported prices. Brent crude soared by 2.9% to $74.04 a barrel, while WTI futures surged by 2.4% to $65.55 a barrel.

read more... 23/04/2019

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Daily (22.04.2019): The energy complex was calm on Friday due to Easter holidays

The overall trade on energy markets was muted by the long weekend occasioned by Easter holidays. Oil, gas and carbon prices remained untraded, taking a pause before the resumption of the trading activity this week.

read more... 22/04/2019

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Daily (19.04.2019): NBP spot tumbled by 7.5% on Thursday due to weaker demand ahead of Easter holidays

The prospects of a tighter supply due to reduced crude exports from Saudi Arabia coupled with lower oil inventories and fewer active rigs in the U.S. led to a rise in crude oil prices on Thursday. A stronger dollar lent more support to prices. As a result, Brent crude traded 0.5% higher at $71.97 a barrel. In the meantime, WTI futures gained 0.4% to close at $64.00 a barrel.

read more... 19/04/2019

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