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Daily (19.03.2019): NBP gas prices continued to fall by around 1% on Monday due to oversupply

Crude oil prices inched up on Monday supported by the extension of OPEC-led supply cuts and a decline in U.S. crude inventories. Brent crude edged 0.6% higher at $67.54 a barrel, while WTI futures traded 1% higher at $59.09 a barrel.

read more... 19/03/2019

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Daily (12.03.2019): Oil prices soared by 1.3% on Monday on continued OPEC-led supply cuts

Crude oil prices gained ground on Monday, as Saudi Energy Minister Khalid al-Falih said that OPEC-led supply cuts will unlikely stop before the group meeting in June. Both Brent crude and WTI futures rose by 1.3% to $66.58 a barrel and $56.79 a barrel respectively.

read more... 12/03/2019

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Daily (8.03.2019): WTI futures rose by 0.8% on Thursday, buoyed by OPEC-led supply cuts and U.S. sanctions against Venezuela and Iran

Crude oil prices added ground on Thursday, supported by ongoing OPEC-led supply cuts and U.S. sanctions against Venezuela and Iran. However, record high U.S. crude production and uncertainty around global economic growth limited gains. Brent crude edged 0.5% higher at $66.30 a barrel, while WTI futures rose by 0.8% to $56.66 a barrel.

read more... 08/03/2019

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Daily (01.03.2019): EU carbon prices topped €22 a tonne on Thursday, rising for the fifth consecutive day

Brent crude price reversed trend, turning bearish on Thursday, influenced by lower factory output reported by the two Asia’s biggest economies – China and Japan. The record level of U.S. crude stockpiles also weighed on prices. On top of that, the lack of a deal after the two-day summit between U.S. president Trump and North Korean leader Kim Jong Un left the financial markets under pressure. Brent crude edged 0.5% down at $66.03 a barrel. Nevertheless, OPEC-led supply cuts and last week’s decline in crude U.S. crude imports to a two-decade low supported WTI crude price, which inched 0.5% up at $57.22 a barrel.

read more... 01/03/2019

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Daily (28.02.2019): WTI futures hiked by 2.6% on Wednesday, amidst a sharp drop in U.S. crude stockpiles

Oil prices climbed on Wednesday after U.S. data showed a sharp drop in crude stockpiles. Moreover, OPEC continues to cut oil supplies. Brent oil surged by 1.8% to 66.39 USD/bbl, while WTI futures was 2.6% up at 56.94 USD/bbl.

read more... 28/02/2019

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