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Daily (31.12.2020): A drop in crude reserves in the US lent support to oil prices on Wednesday

According to the U.S. Energy Information Agency (EIA) report released on Wednesday, crude reserves in the United States fell for the third week in a row, thus lending support to oil prices. As a result, Brent crude gained 0.5% to $51.34 a barrel, while WTI oil traded 0.8% higher at $48.40 a barrel.

read more... 31/12/2020

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Daily (30.12.2020): Gas prices surged on Tuesday, boosted by forecasts for lower temperatures

Crude oil prices edged higher on Tuesday, supported by an improved US economic stimulus plan. Despite concerns regarding demand for black gold, Brent oil gained 0.5% at $51.09 a barrel, while WTI crude ended 0.8% higher at $48.00 a barrel.

read more... 30/12/2020

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Daily (29.12.2020): The energy markets on a front foot on Monday despite slightly lower oil prices, with investors back to the market after a Christmas break

Oil prices retreated on Monday as worries about looming new supply from OPEC+ and a weak demand a on the back of a new aggressive strain of the coronavirus overshadowed the positive news of the passing of a US stimulus package. Hence, Brent crude fell by 43 cents, or 0.84%, to settle at $50.86 a barrel. At the same time, U.S. WTI crude settled at $47.62 a barrel, declining by 61 cents, or 1.26% day-on-day.

read more... 29/12/2020

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Enel Romania's E-Distributie Muntenia invests 230 mln lei (47 mln euro) in network upgrades in 2020

E-Distributie Muntenia, part of the Romanian arm of Italian energy group Enel, said on Monday it has invested 230 million lei ($58 million/47 million euro) in electricity grid upgrades in 2020.

read more... 29/12/2020

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Daily (28.12.2020): Market influenced on Thursday by Brexit deal and Christmas holidays

Oil prices were marked by monotonous trading on Thursday, due to the approaching Christmas weekend. Brent crude and WTI oil ended rather flat at $51.29 and $48.23 a barrel respectively.

read more... 28/12/2020

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