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Daily (22.03.2019): NBP spot gas price dropped by almost 2% on Thursday, on robust supplies and milder weather
Crude oil prices slipped on Thursday, on weaker global demand and trade worries. However, losses were limited due to reduced global stocks, OPEC-led supply cuts and U.S. sanctions on Iran and Venezuela. Brent oil dipped by 0.9% to $67.86 a barrel, while WTI futures edged 0.4% lower at $59.98 a barrel.
read more... 22/03/2019
Daily (6.03.2019): NBP spot fell by nearly 1% on Tuesday on bearish fundamentals
Brent crude edged 0.3% higher on Tuesday awaiting a positive trade deal between US and China, closing at 65.86 USD/bbl at the end of the day. Meanwhile, WTI futures traded 0.1% lower at 56.56 USD/bbl in anticipation of U.S. government crude stocks data.
read more... 06/03/2019
Daily (28.01.2019): European spot power prices plunged by over 20% due to milder weather and lower consumption
Oil prices were slightly up on Friday, as Venezuelan exports could face potential sanctions from U.S. amid political unrest in Caracas, raising the prospect of reduced crude supply. However, worries over U.S.-China trade dispute and growing U.S. fuel stocks put a lid on prices. As a result, Brent crude added 0.9% to settle at $61.64 a barrel, while WTI futures rose 1.1% to $53.69 a barrel.
read more... 28/01/2019
Daily (28.12.2018): NBP spot plunged by 7.8% on Thursday, due to an oversupplied system
Oil prices turned bearish again on Thursday, due to forecasts for weaker global economic growth and record production of crude, which weighed down on the market. Brent crude slumped by 4.2% to $52.16 a barrel. At the same time, the rise in U.S. stocks contributed to a 3.5% decline in WTI crude to $44.61 a barrel.
read more... 28/12/2018
Daily (19.12.2018): UK gas prices slumped by around 3% on Tuesday, due to an oversupplied system
Oil prices reached 14-month lows on Tuesday in a heavy session, as higher crude stocks and concerns over global demand continued to put pressure on contracts. Accordingly, Brent crude shed by 5.6% to $56.26 a barrel, while WTI crude closed 7.3% lower at $46.24 a barrel.
read more... 19/12/2018