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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 (18.12.2019): Crude oil prices settled higher for a fourth straight day on Tuesday after “phase one” of the U.S.-China deal

Crude oil futures settled higher for the fourth day in a row on Tuesday, spurred by Friday’s announcement of a “phase one” trade agreement between the United States and China, deal aimed to increase oil demand in 2020.

read more... 18/12/2019


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


Daily (11.12.2019): UK month-ahead gas price down around 2% due to a potential Kiev-Moscow new gas transit deal

Crude oil prices finished higher on Tuesday, getting a boost after OPEC and its allies decided to deepen oil production cuts by 500,000 bpd, but gains were kept in check as U.S.-China war still puts pressure on demand. Brent crude rose by 9 cents, or 0.1% to settle at $64.34 a barrel on ICE Futures Europe.. WTI crude increased by 22 cents, or 0.4% to close at $59.24 a barrel on NYMEX.

read more... 11/12/2019