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Daily (03.07.2019): Crude oil prices fell by over 4% on Tuesday, weighed by demand worries

Crude oil prices posted an important loss on Tuesday, pressured by global oil demand concerns raised by weaker factory activity in Europe and Asia in June as well as by downbeat U.S. manufacturing data nearing a three-year low. Moreover, investors seemed to be rather disappointed that OPEC didn’t agree on larger output cuts. As a result, WTI futures plunged by 4.8% to $56.25 a barrel, while Brent crude tumbled by 4.1% to $62.40 a barrel.

read more... 03/07/2019


Daily (02.07.2019): NBP spot spiked by 11% on Monday, due to outages at Norwegian gas infrastructures

Crude oil prices diverged on Monday. WTI futures inched up by 1.1% to $59.09 a barrel, following OPEC’s decision to extend its output cuts by another nine months until March 2020. Prices were also supported by the easing of trade tensions between U.S. and China, as their presidents agreed not to impose further tariffs on U.S. and Chinese goods. However, Brent crude settled 2.2% lower at $65.06 a barrel, due to persistent demand worries stoked by the slowing global economy and surging U.S. crude production.

read more... 02/07/2019


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


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


Daily (17.06.2019): German spot power price dropped by more than 26% on Friday due to lower than expected demand

Oil prices rose on Friday, after attacks on two oil tankers in the Gulf of Oman increased supply concerns. Prices were tempered by worries that trade disputes will lead to higher global oil demand. Brent oil rose $0.7, or 1.1% to $62.01 a barrel. WTI crude surged by $0.23, or 0.4% to $52.51 a barrel.

read more... 17/06/2019