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Daily (17.04.2019): NBP spot price plummeted by 5.2% on Tuesday, due to strong LNG arrivals

Oil prices added ground on Tuesday, bolstered by declining Venezuelan and Iranian exports and violence in Libya, which raised concerns over global crude supply. Meanwhile, expectations for higher U.S. inventories limited gains. Brent crude rose by 0.8% to $71.72 a barrel, while WTI Crude increased by 1% to $64.05 a barrel.

read more... 17/04/2019

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Daily (16.04.2019): NBP spot plunged by 6.9% on Monday, on milder weather forecasts and new LNG arrivals

Oil prices reversed trend registering losses on Monday, after having hit recently a five-month high, on signals that Russia could boost production to strengthen its position on the market. Brent crude edged 0.5% lower at $71.18 a barrel, while WTI Crude dropped by 0.8% to $63.40 a barrel.

read more... 16/04/2019

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Daily (15.04.2019): Brent crude climbed by 1% on upbeat Chinese economic data and tight global supply

Oil prices added gains on Friday following a recovery in Chinese exports last month. The rising U.S. and euro zone bond yields to three-week highs and German growth forecasts also supported prices. Furthermore, involuntary cuts in Venezuela supply and Iran signaled another lift in prices. Brent crude hiked by 1% to $71.55 a barrel , while WTI futures rose by 0.5% to $63.89 a barrel.

read more... 15/04/2019

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Daily (12.04.2019): Carbon prices hit a fresh 11-year peak on Thursday, after the second Brexit extension

Crude oil prices declined on Thursday, due to concerns that OPEC might increase its oil production as of July if oil supplies from Venezuela and Iran continue to tighten and consequently support prices. The surging U.S. crude inventories also weighed on prices. WTI futures lost 1.6% to settle at $63.58 a barrel, while Brent crude price dropped by 1.3% to $70.83 a barrel.

read more... 12/04/2019

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Daily (11.04.2019): The EU carbon prices hit a new 11-year high on Wednesday on Brexit delay optimism

Crude oil prices increased on Wednesday, after EIA report showed that U.S. gasoline stocks plunged more than expected last week, offsetting the surging crude inventories. OPEC’s oil production at four-year low in March coupled with U.S. sanctions on Iran and Venezuela lent more support to prices. Brent crude price rose by 1.6% to $71.73 a barrel, while WTI futures traded 1% up at $64.61 a barrel.

read more... 11/04/2019

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