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Daily (24.06.2019): NBP spot surged by 2.2% on Friday tracking the rise in oil prices
Oil prices surged on Friday on fears that the United States could attack Iran, which might lead to disrupted flows from the Middle East. Brent crude gained $0.75, or 1.2%, to close at $65.20 a barrel. WTI futures added $0.38, or 0.6%, to close at $57.43 a barrel.
read more... 24/06/2019
Daily (18.06.2019): NBP day-ahead climbed by 6.5% on Monday, due to an undersupply in the system and reshuffle of flows
Crude oil prices declined on Monday weighed by fears of an economic growth slowdown amid international trade disputes between U.S., China and India. However, the recent attack on two oil tankers in the Middle East limited losses. As a result, Brent crude dropped by 1.7% to $60.94 a barrel, while WTI futures lost 1.1% to settle at $51.93 a barrel.
read more... 18/06/2019
Daily (03.06.2019): Crude oil prices hit a six-month low on Friday, amid growing global trade tensions
Crude oil prices dipped to a six-month low on Friday, due to a worsening outlook for the global trade after U.S. President Donald Trump warned that the U.S. will levy a 5% tariff on its imports from Mexico effective from June 10, until the latter stops the illegal immigration flows into the U.S. The latest tariff threats added to the ongoing bearish impact from the prolonged U.S-China trade war. Brent crude sank by 3.6% to $64.49 a barrel, while WTI futures plunged by 5.5% to $53.50 a barrel.
read more... 03/06/2019
Daily (22.05.2019): NBP spot ended down by nearly 3% on Tuesday due to higher Norwegian flows
The outlook of a tighter supply fuelled by the growing tensions in the Middle East and OPEC’s constant commitment to cut output supported oil prices on Tuesday. Meanwhile, gains were capped by the lengthy U.S.-China trade dispute and its bearish impact on the global economic growth. Brent crude price edged higher by 0.3% to 72.18 USD/bbl, while WTI futures were only 0.1% up at 63.13 USD/bbl.
read more... 22/05/2019
Daily (10.05.2019): NBP spot soared by 10.8% on Thursday, due to lower Norwegian flows
Oil prices slightly diverged on Thursday, as investors were uncertain about the outcome of the still unsettled U.S.-China trade dispute. Brent crude was almost flat at $70.39 a barrel. WTI futures lost 0.7% to close at $61.70 a barrel.
read more... 10/05/2019