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Daily (13.06.2019): WTI futures lost 4% on Wednesday, due to rising crude inventories and weaker demand outlook

Crude oil prices tumbled on Wednesday, amid higher U.S. crude inventories and poorer demand outlook. US-China trade negotiation also weighed on prices. As a result, Brent crude plunged by 3.7% to $59.97 a barrel, while WTI futures lost 4% to settle at $51.14 a barrel.

read more... 13/06/2019

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Daily (12.06.2019): EU carbon prices dropped by almost 1% due to a weaker energy complex

Oil prices were flat on Tuesday, amid uncertainty regarding the agreement of Saudi Arabia and Russia to extend a crude output-cutting deal. Meanwhile, U.S.-China trade tensions continue to put pressure on demand for crude. As a result, Brent crude remained untraded at $62.29, while WTI futures edged 0.02% higher at $53.27 a barrel.

read more... 12/06/2019

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Daily (06.06.2019): Crude oil prices fell by around 3% on Wednesday, due to higher inventories and low demand outlook

A surprise surge in the U.S. crude inventories put pressure on oil futures on Wednesday. Moreover, the outlook of a slowing global oil demand maintained by the ongoing U.S. trade differences with China and Mexico also weighed on prices. As a result, WTI futures dropped by 3.4% to $51.68 a barrel, while Brent crude lost 2.2% to close at $60.63 a barrel.

read more... 06/06/2019

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Daily (05.06.2019): NBP spot surged by 12.5% on Tuesday, buoyed by higher gas-for-power demand

Crude oil prices rebounded from the earlier four-month low on Tuesday, on the back of stronger U.S. stock markets after China’s call for dialogue with the U.S. to solve the trade dispute. Firmer expectations for an interest rate cut following the comments from U.S. Federal Reserve Chairman also boosted market sentiment. Brent crude rose by 1.1% to $61.97 a barrel, while WTI futures edged up by 0.4% to $53.48 a barrel.

read more... 05/06/2019

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Daily (04.06.2019): The EUAs dipped by nearly 3% to a two-month low on Monday, amid weak demand and an expected surge in supply

Crude oil prices continued to fall on Monday, under the heavy influence from the ongoing demand-side concerns stoked by U.S.-China trade tensions and threats of U.S. tariffs on Mexico. Brent crude slumped by 5% to $61.28 a barrel, while WTI futures traded 0.5% lower at $53.25 a barrel.

read more... 04/06/2019

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