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Daily (03.04.2019): European spot power prices added over 20% on Tuesday, due to a drop in renewables output

Oil prices inched up on Tuesday, hitting their peak in 2019, supported by additional sanctions against Iran and Venezuela. Brent crude edged 0.5% higher at $69.37 a barrel, while WTI futures gained 1.6% to end at $62.58 a barrel.

read more... 03/04/2019

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Daily (02.04.2019): WTI futures traded 2.4% higher on Monday, due to a decline in oil rigs

Crude oil prices inched up on Monday supported by OPEC-led supply cuts and a decline in oil rigs to the lowest level in almost a year. Brent crude rose by 0.9% to $69.01 a barrel, while WTI futures traded 2.4% higher at $61.59 a barrel.

read more... 02/04/2019

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Daily (01.04.2019): British spot gas price declined by 4.9% on Friday, before the start of the summer season

Crude oil prices added gains on Friday, as the OPEC-led supply cuts and U.S. sanctions on Iran and Venezuela offset concerns over the global economic slowdown. Brent oil rose by 0.8% to $68.39 a barrel, while WTI futures soared by 1.4% to $60.14 a barrel.

read more... 01/04/2019

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Daily (29.03.2019): EU Carbon Prices Up by Nearly 2% on Thursday

Oil prices ended close to an equilibrium on Thursday after initially dropping in the wake of a new call from US President Donald Trump for an increase in OPEC’s production in order to bring rising prices down. Brent crude was almost steady at $67.82 a barrel, while WTI futures slipped by 0.2 % to $59.30 a barrel, as losses were capped by constant support from OPEC-led supply cuts and U.S. sanctions on Venezuelan and Iranian exports.

read more... 29/03/2019

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Daily (28.03.2019): WTI futures declined by nearly 1% after unexpectedly higher U.S. crude stockpiles data

Crude oil prices lost ground on Wednesday, following EIA data which showed higher-than-anticipated crude inventories in the U.S. last week due to hampered crude cargoes traffic along the Houston Ship Channel and slower refining operations. The fall in prices was nevertheless limited by OPEC’s supply cuts and the disruption in Venezuelan exports caused by the second massive power blackout this month. Brent crude traded 0.2% down at $67.83 a barrel, while WTI futures lost 0.9 % to end at $59.41 a barrel.

read more... 28/03/2019

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