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Daily (20.06.2019): NBP spot tumbled by more than 10% on forecasts for stronger LNG supply and warmer weather
Calmer U.S equity markets led to a decline in oil prices on Wednesday. Brent crude ended 32 cents, or 0.5%, down at $61.82 a barrel. Meanwhile, WTI futures lost $0.14, or 0.3%, to close at $53.76 a barrel.
read more... 20/06/2019
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 (11.06.2019): NBP spot jumped by 7.2% on Monday, due to annual maintenance works in Norway
Crude oil prices fell on Monday as Russia and Saudi Arabia didn’t yet agree on extending an output cutting deal, while US-China trade negations are still far from a positive outcome. As a result, Brent crude dropped by 1.6.% to $62.29 a barrel on Friday, while WTI futures lost 1.4% to settle at $53.26 a barrel.
read more... 11/06/2019
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
Daily (05.06.2019): NBP spot surged by 12.5% on Tuesday, buoyed by higher gas-for-power demand
Crude oil prices rebounded from the earlier four-month low on Tuesday, on the back of stronger U.S. stock markets after China’s call for dialogue with the U.S. to solve the trade dispute. Firmer expectations for an interest rate cut following the comments from U.S. Federal Reserve Chairman also boosted market sentiment. Brent crude rose by 1.1% to $61.97 a barrel, while WTI futures edged up by 0.4% to $53.48 a barrel.
read more... 05/06/2019