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Daily (20.02.2019): The German spot power price jumped by over 10% influenced by weaker wind power production
After hitting 2019 highs, oil prices calmed on Tuesday, as concerns about global crude oil demand, and uncertainty around U.S.-China trade talks, counterbalanced OPEC’s supply cuts and U.S. sanctions on Venezuela and Iran. Brent crude settled 0.1% lower at 66.45 USD/bbl, whereas WTI futures inched up by 0.1% to 56.09 USD/bbl.
read more... 20/02/2019
Daily (18.02.2019): WTI crude soared on Friday by 2.2% buoyed by U.S. sanctions on Venezuela and Iran
Oil prices soared on Friday, buoyed by U.S. sanctions against Venezuela and Iran. At the same time, OPEC-led supply cuts also supported prices. Brent crude settled 2.6% higher at 66.25 USD/bbl, or the highest value this year. At the same time, WTI crude climbed by 2.2% to 55.59 USD/bbl.
read more... 18/02/2019
Daily (08.02.2019): WTI crude tumbled by 2.5% on Thursday, due to rising U.S. crude production and inventories
Oil prices retreated on Thursday, amidst rising U.S. crude inventories and upbeat production levels. However, Washington sanctions against Venezuela and OPEC supply cuts supported the markets. As a result, Brent crude dipped by 1.7% to 61.63 USD/bbl, while WTI crude plunged by 2.5% to 52.64 USD/bbl.
read more... 08/02/2019
Daily (05.02.2019): EU carbon prices soared by almost 5% on Monday, ahead of an industry conference this week.
Oil prices saw a small drop on Monday influenced by the recent positive sentiment that China-U.S. relations will reach a comprehensive trade deal. However, losses were limited by OPEC supply cuts and U.S Sanctions on Venezuelan oil exports. As a result, Brent crude fell by 0.4% to 62.51 USD/bbl, while WTI crude dropped by 1.3% to settle at 54.56 USD/bbl.
read more... 05/02/2019
Daily (04.02.2019): Oil prices rose by 1.4% on Friday, amidst bullish U.S. jobs data and sanctions on Venezuelan exports
Oil prices inched up on Friday as U.S. data showed upbeat job growth figures. At the same time, U.S sanctions on Venezuelan oil exports and news that oil drillers will cut production also supported prices. Brent crude rose by 1.4% to 62.75 USD/bbl, while WTI crude hiked by 2.7% to settle at 55.26 USD/bbl
read more... 04/02/2019