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Daily (10.04.2019): NBP spot soared by over 10% on Tuesday amid system undersupply

Crude oil prices pared earlier gains on Tuesday, following an unexpected increase in U.S. crude inventories and Russia’s comments on a potential rise in its oil production after OPEC’s meeting in June. However, OPEC-led supply cuts as well as U.S. sanctions against Iran and Venezuela capped losses. Brent crude price edged down by 0.7% to $70.61 a barrel. The same decline was noticed in WTI futures, which ended at $63.98 a barrel.

read more... 10/04/2019

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Daily (09.04.2019): WTI crude at its 5-month high on Monday due to conflict in Libya

Crude oil prices increased on Monday, bolstered by concerns that civil unrest in Libya could lead to a tighter crude supply. OPEC’s production cuts as well as U.S. sanctions against Iran and Venezuela also supported prices. Brent crude price rose by 1.1% to $71.10 a barrel. Meanwhile, WTI futures hiked by 2.1% to $64.40 a barrel, after data showed a drop in the crude inventories at the WTI delivery point in Cushing, Oklahoma.

read more... 09/04/2019

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Daily (08.04.2019): NBP contracts on the curve posted strong gains on Friday amid a bullish energy complex

Friday saw an upward evolution in oil prices, after optimistic U.S. employment data eased concerns over a waning crude oil demand. A potential decline in oil supplies amid the escalating conflict in Libya and the ongoing progress in U.S.-China trade talks also supported prices. Brent crude price jumped by 1.4% to $70.34 a barrel, hitting a second consecutive week of gains. WTI futures recorded a fifth straight weekly hike, trading 1.6% up at $63.08 a barrel.

read more... 08/04/2019

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Daily (05.04.2019): European power prices on the curve climbed by over 3% on Thursday following bullish carbon market

Oil prices varied on Thursday. Brent crude edged 0.1% higher at $69.40 a barrel on tightening global supply due to U.S sanctions on Iran and Venezuela, as well as OPEC-led output cuts. Meanwhile, WTI futures declined by 0.6% to $62.10 a barrel on rising production and higher crude inventories.

read more... 05/04/2019

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Daily (04.04.2019): EU carbon prices soared by over 5% on Wednesday on positive Brexit progress

Oil prices slipped on Wednesday, on data showing an unexpected rise in U.S. inventories. Meanwhile, US sanctions against Iran and Venezuela and OPEC-led supply cuts limited losses. Brent crude edged 0.1% lower at $69.31 a barrel, while WTI futures traded 0.2% down at $62.46 a barrel.

read more... 04/04/2019

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