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Daily (21.07.2023): NBP spot jumped by over 8% on Thursday following a halt in production at Aasta Hansteen
Crude oil prices notched a small increase yesterday as the market expects that China will roll out more stimulus measures to support domestic demand. Furthermore, signs of a decline in crude oil exports from Russia lent further support to prices. Hence, Brent crude edged 0.2% higher at $79.64 a barrel.
read more... 21/07/2023
Daily (16.01.2023): NBP spot rose by nearly 4% on Friday on forecasts of colder weather
Crude oil prices continued to gain ground on Friday, driven by the rising Chinese demand and the prospect of easing inflationary pressures. As a result, Brent crude oil rose by $1.25, or 1.4 percent, to $85.28 a barrel. U.S. WTI crude oil settled at $79.86 a barrel, gaining $1.4, or almost 2%%, on a day-over-day basis.
read more... 16/01/2023
Daily (05.12.2022): NBP spot settled down on Friday amid forecasts for strong LNG arrivals
A bearish trend was seen in crude oil prices on Friday ahead of a meeting of the OPEC+ on Sunday and an EU ban on Russian crude on Monday. Thus, Brent crude decreased by 1.5% to settle at $85.57 a barrel. WTI crude ended around 5% lower at $79.98 a barrel.
read more... 05/12/2022
Daily (16.11.2022): NBP gas contracts rose amid weaker supply and colder weather forecasts
Tuesday saw a rise in oil prices following U.S. statistics that suggested that inflation may start to drop, which would be favorable for oil demand. As a result, Brent crude settled 0.8% higher at $93.86 a barrel. WTI crude increased by 1.2% to $86.92 per barrel.
read more... 16/11/2022
Daily (03.11.2022): The NBP spot price soared amid cooler weather
The Federal Reserve raised interest rates for the fourth time this year on Wednesday, which led to a gain in oil prices despite decreases in other risky assets. Furthermore, U.S. oil stocks dropped as refineries raised production in anticipation of the winter heating season, lending more support to the market. As a result, WTI crude ended 1.8% higher at $90 per barrel, while Brent crude settled at $96.16 per barrel, up 1.6%.
read more... 03/11/2022