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Daily (29.07.2019): EU spot power prices plunged by over 22% on Friday, due to forecasts for cooler weather
Crude oil prices edged up on Friday, backed by stronger consumer spending in the U.S. and heightened concerns about safety of oil transport around the Strait of Hormuz. Lower U.S. crude stocks lent more support to prices. However, gains were limited by fears that oil demand would decline due to slower global economic growth. Against that backdrop, Brent crude advanced by only 0.1% to $63.46 a barrel, while WTI futures rose by 0.3% to $56.20 a barrel.
read more... 29/07/2019
Daily (24.07.2019): EU carbon prices jumped to their 2006 peak on Tuesday, on supportive bullish signals and an expected heatwave
Crude oil prices added ground on Tuesday, after data showed a much larger-than-expected fall in the U.S. crude stocks. Meanwhile, weaker demand forecasts and the full restart of Libya’s largest oil field reduced gains. Against that backdrop, Brent crude traded 0.9% higher at $63.83 a barrel, while WTI futures closed 1% up, at $56.77 a barrel.
read more... 24/07/2019
Daily (27.06.2019): EUAs hit a 2-month peak on Wednesday due to no new supply
Oil prices surged by more than 2% on Wednesday to hit their peak level in almost a month, supported by unexpected drops in refined product stockpiles and a larger-than-anticipated drawdown in crude stocks as exports hit a record high. Brent crude futures rose by $1.44, or 2.2%, to close at $66.49 a barrel. WTI futures increased by $1.55, or 2.7%, to close at $59.38 a barrel.R
read more... 27/06/2019
Daily (26.06.2019): NBP day-ahead plunged by 7% on Tuesday due to warmer temperatures
Crude oil prices were mixed on Tuesday. Brent crude edged 0.3% higher at $65.05 a barrel on expectations for declining U.S. crude stocks. Meanwhile, WTI futures lost 0.1% to settle at $57.83 a barrel as U.S.-China trade tensions could lead to lower global fuel demand.
read more... 26/06/2019
Daily (07.06.2019): NBP spot price plunged by 5.5% on Thursday, amid persistent oversupply
Crude oil prices rose on Thursday, following the hiking U.S. stocks which were boosted by a report showing that U.S. could delay tariffs on imported goods from Mexico. Brent crude added 1.7% to trade at $61.67 a barrel, while WTI futures jumped by 1.8% to $52.59 a barrel. Still, last week’s surge in U.S. crude stocks coupled with new threats from U.S. President Donald Trump to impose tariffs on further Chinese goods could limit the rally.
read more... 07/06/2019