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Daily (28.06.2019): NBP day-ahead plummeted by 9.5% on Thursday, due to bearish fundamentals and robust supply

Crude oil prices added ground on Thursday, on expectations that OPEC will extend an output cut agreement, while investors await a meeting between the United States and China that could ease current trade tariffs. As a result, Brent crude inched 0.1% up at $66.55 a barrel, while WTI futures settled 0.1% up at $59.43 a barrel.

read more... 28/06/2019

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Daily (27.06.2019): EUAs hit a 2-month peak on Wednesday due to no new supply

Oil prices surged by more than 2% on Wednesday to hit their peak level in almost a month, supported by unexpected drops in refined product stockpiles and a larger-than-anticipated drawdown in crude stocks as exports hit a record high. Brent crude futures rose by $1.44, or 2.2%, to close at $66.49 a barrel. WTI futures increased by $1.55, or 2.7%, to close at $59.38 a barrel.R

read more... 27/06/2019

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Daily (26.06.2019): NBP day-ahead plunged by 7% on Tuesday due to warmer temperatures

Crude oil prices were mixed on Tuesday. Brent crude edged 0.3% higher at $65.05 a barrel on expectations for declining U.S. crude stocks. Meanwhile, WTI futures lost 0.1% to settle at $57.83 a barrel as U.S.-China trade tensions could lead to lower global fuel demand.

read more... 26/06/2019

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Daily (25.06.2019): The EUAs spiked by 4.2% to a one-month peak on Monday, amid technical buying and higher thermal generation

Oil prices diverged on Monday. Brent crude setlled 0.5% lower at $64.86 a barrel on returning concerns over a scarce crude demand, with traders awaiting the outcome of the G20 summit at the end of this week. Meanwhile, WTI futures rose by 0.8%, to $57.90 a barrel, as the prospect of tighter oil supply worsened after U.S. President Donald Trump imposed new sanctions on Iran in the context of ongoing fears of a military conflict between the U.S. and Iran. Expectations of extended oil output cuts from OPEC and its allies after their meetings on July 1-2 helped balance the market.

read more... 25/06/2019

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Daily (24.06.2019): NBP spot surged by 2.2% on Friday tracking the rise in oil prices

Oil prices surged on Friday on fears that the United States could attack Iran, which might lead to disrupted flows from the Middle East. Brent crude gained $0.75, or 1.2%, to close at $65.20 a barrel. WTI futures added $0.38, or 0.6%, to close at $57.43 a barrel.

read more... 24/06/2019

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