Latest news

Daily (03.06.2019): Crude oil prices hit a six-month low on Friday, amid growing global trade tensions

Crude oil prices dipped to a six-month low on Friday, due to a worsening outlook for the global trade after U.S. President Donald Trump warned that the U.S. will levy a 5% tariff on its imports from Mexico effective from June 10, until the latter stops the illegal immigration flows into the U.S. The latest tariff threats added to the ongoing bearish impact from the prolonged U.S-China trade war. Brent crude sank by 3.6% to $64.49 a barrel, while WTI futures plunged by 5.5% to $53.50 a barrel.

read more... 03/06/2019

news

Daily (31.05.2019): Oil prices fell on Thursday to a two-months low, due to high crude inventories and global economic concerns

Crude oil prices fell on Thursday to two-months low, due to a smaller-than-expected decline in U.S. crude inventories and concerns over a global economic downturn influenced by the China-US trade war. Brent crude plunged by 3.7% to $66.87 a barrel, while WTI futures settled 3.8% down at $56.59 a barrel.

read more... 31/05/2019

news

Daily (30.05.2019): German spot power price plummeted by over 61% ahead of holidays due to lower demand in the region

Crude oil prices declined on Wednesday, as China claims to put further pressure on the trade war with the United States, by using its dominant position in rare earths – a group of 17 chemical elements used to produce various electronics, industrial and military equipment. However, recent supply disruptions in U.S. limited gains. Brent crude decreased by 0.9% to $69.45 a barrel, while WTI futures closed 0.6% down at $58.81 a barrel.

read more... 30/05/2019

news

Daily (29.05.2019): NBP spot soared by 4.3% on Tuesday, on expectations for colder weather

Oil prices were flat on Tuesday, as bullish signals from flooding at several distribution hubs around the United States offset the ongoing bearish sentiment that the trade war could hurt economic growth and reduce oil demand. As a result, Brent crude remained untraded at $70.11 a barrel, while WTI futures settled at $59.14 a barrel.

read more... 29/05/2019

news

Daily (28.05.2019): Brent crude climbed by 2.1% on Monday, due to ongoing tensions in the Middle East and OPEC-led supply cuts

Oil prices extended gains on Monday, supported by ongoing tensions in the Middle East and OPEC-led supply cuts. Brent crude surged by 2.1% to $70.11 a barrel, while WTI futures increased by 0.9% to $59.13 a barrel.

read more... 28/05/2019

news