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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
Daily (23.12.2019): Brent ends the week 1.4% higher on optimistic expectations for global economy
Oil futures ended lower on Friday, but both benchmarks posted a third consecutive weekly gain, mostly bolstered by easing of U.S.-China trade developments, optimistic expectations for the global economy and OPEC+ decision to deepen production cuts.
read more... 23/12/2019
Daily (20.12.2019): NBP spot gas soars 6% on Thursday due to weak flows from Norway and LNG deliveries
Crude oil futures hit a fresh three-month high on Thursday, spurred by a mix of factors: falling U.S. crude stockpiles, soothing U.S.-China trade conflict and OPEC+ output cuts. Brent crude for February delivery rose by 37 cents, or 0.6%, to settle a t $66.54 a barrel, increasing for the sixth consecutive day.
read more... 20/12/2019
Daily (13.12.2019): British forward gas prices jumped by around 5% on Thursday following Trump’s comments related to a deal with China
Oil futures settled higher on Thursday, buoyed by the news that the U.S. and China were close to ink a deal on the ongoing trade war. However, the oil’s increase was due to a combination of macro factors: China, OPEC cuts, easy U.S. monetary policy. Brent for February delivery rose 48 cents, or 0.8% to settle at $64.20 a barrel on ICE Futures Europe Exchange. WTI crude for January ended at $59.18 per barrel, reflecting a 0.7% gain.
read more... 13/12/2019