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Daily (17.02.2020): Oil posts the first weekly gain since early January on potential OPEC further output cuts
Crude oil futures rebounded on Friday amid easing concerns over the impact of the lethal coronavirus outbreak on the global energy demand. Meanwhile, prices got some support from signals that OPEC and its allies may intervene to prop up the market.
read more... 17/02/2020
Daily (14.02.2020): Brent up 1% on Thursday on prospects for deeper supply cuts
Crude oil futures edged higher for the third day in a row on Thursday, as the likelihood of deeper OPEC+ supply reductions offset forecasts for a declining demand due to the coronavirus spread. Brent crude for April delivery rose by 55 cents, or 1%, to settle at $56.34 a barrel on ICE London. U.S. WTI crude firmed by 25 cents, or 0.5%, to end at $51.42 a barrel on NYMEX.
read more... 14/02/2020
Daily (11.02.2020): Oil prices at their lowest levels in 13 months on Monday as OPEC hesitates to cut more output
Oil futures collapsed to their lowest levels in more than a year on Monday amid signs that OPEC and its allies are unlikely to convoke an emergency meeting to cut additional production of black gold.
read more... 11/02/2020
Daily (10.02.2020): European spot power prices plummeted on Friday on strong wind output, weaker demand
Crude oil prices ended on a sour note on Friday, posting a fifth consecutive week of losses, after Moscow declared it needed more time mulling over deeper production cuts proposed by OPEC to deal with a sluggish energy demand.
read more... 10/02/2020
Daily (07.02.2020): An oversupplied system and lower LNG prices weighed on UK’s gas market on Thursday
Oil prices varied on Thursday on mixed signals from OPEC and its partner Russia about potential further output cuts to reduce the impact of any weakening in global demand due to the coronavirus outbreak.
read more... 07/02/2020