Latest news
Daily (09.09.2019): The German spot power price spiked by 11% on Friday on forecasts for lower wind and solar power generation
Oil prices rose on Friday following the declaration of the head of the U.S. Federal Reserve that the central bank will act properly to sustain an economic growth in the world’s biggest economy. Brent crude gained 1% to close at $61.54 a barrel. WTI futures added 0.4% to end at $56.52 a barrel.
read more... 09/09/2019
Daily (05.09.2019): Oil prices jumped by over 4%amid upbeat economic data from China and forecasts for weaker US inventories
Oil prices hiked on Wednesday as optimistic economic data from China brought purchasers back to the equities market. Moreover, expectations for a drop in US crude inventories for the third consecutive week also lent support to prices. Brent crude added 4.2% to close at $60.70 a barrel. WTI futures surged by 4.3% to end at $56.26 a barrel.
read more... 05/09/2019
Daily (28.08.2019): Brent crude surged by 1.4% on Tuesday on forecasts for a decline in U.S. crude inventories
Oil prices surged on Tuesday lifted by expectations for a drop in U.S. crude inventories. However, the bullish mood was limited by fears concerning a recession and uncertainty over a China-U.S. trade deal. Brent crude gained 1.4% to end at $59.51 a barrel. WTI futures rose 2.4% to $54.93 a barrel.
read more... 28/08/2019
Daily (12.08.2019): European spot power prices plummeted by nearly 70% on Friday due to a surge in renewables output
Oil prices continued to climb on Friday, in response to weaker Euroilstock data, which showed a decrease in the total crude and product inventories of 16 European countries in July. Prices also drew support from OPEC supply cuts and Saudi Arabia’s commitment to bring the oil market back to balance. Hence, Brent crude rose by 2% to $58.53 a barrel. Concurrently, WTI futures surged by 3.7% to $54.50 a barrel, on lower production growth forecasts after U.S. drillers slashed the active oil rig count for a sixth straight week.
read more... 12/08/2019
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