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Daily (24.07.2020): Crude oil prices fell by about 2% on Thursday amid coronavirus demand concerns, weak U.S. jobs numbers
Crude oil futures continued to fall on Thursday, dragged down by data showing a surprise rise in U.S. crude stockpiles, renewed tensions between the United States and China, as well as the growth of U.S. jobless rate. However, the alarming increase of the U.S. coronavirus cases added further pressure on oil prices. Consequently, Brent crude for September delivery fell by 98 cents or 2.2%, to settle at $43.31 per barrel. Meanwhile, U.S. WTI crude declined by 83 cents or 2%, to close at $41.07 per barrel.
read more... 24/07/2020
Daily (10.07.2020): U.S. WTI crude slipped below $40 on Thursday amid coronavirus concerns, swelling U.S. crude stockpiles
Crude oil futures fell on Thursday, with U.S. WTI crude slipping back below $40 a barrel as rising cases of coronavirus in the U.S. and some other countries, as well as higher U.S. stockpiles threatened to deteriorate the demand for crude. Hence, Brent crude for September delivery dropped by 94 cents, or 2.2%, to settle at $42.35 a barrel on the ICE Futures Europe. At the same time, U.S. WTI crude for August delivery decreased by $1.28, or 3.1%, to settle at $39.62 a barrel on the New York Mercantile Exchange. Both WTI and Brent on Wednesday hit their highest settlements since March 6.
read more... 10/07/2020
Daily (01.06.2020): WTI crude hovered above $35 a barrel on Friday, gaining 6.7% for the week
Crude oil futures gained ground in the last trading day of the month after the release of the EIA’s report showing a further drop in oil well drilling in the United States. Hence, Brent crude for July delivery rose slightly to $35.33 a barrel, while, the more active August contract settled at $37.84, edging $1.81 higher, or roughly 5%. WTI crude for July delivery settled at $35.49 a barrel, surging $2.24, or 5.3%.
read more... 01/06/2020
EDF submits application to build 3.2 GW Sizewell C nuclear plant in UK
EDF Energy has submitted an application to the UK's Planning Inspectorate to build two 1.6 GW nuclear reactors at its Sizewell site in Suffolk, it said Wednesday.
read more... 28/05/2020
Daily (14.05.2020): Oil prices turned bearish on Wednesday on wait-and-see approach adopted by investors
The solemn speech from the U.S. Federal Reserve Chair Jerome Powell stating that economic recovery would be a long process led to a plunge in oil prices, despite the first decline in U.S. inventories since January. Brent crude fell 79 cents, or 2.6%, to $29.19 a barrel. West Texas Intermediate crude futures dropped by 78 cents, or 1.9%, to $25.29.
read more... 14/05/2020