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Daily (8.03.2019): WTI futures rose by 0.8% on Thursday, buoyed by OPEC-led supply cuts and U.S. sanctions against Venezuela and Iran
Crude oil prices added ground on Thursday, supported by ongoing OPEC-led supply cuts and U.S. sanctions against Venezuela and Iran. However, record high U.S. crude production and uncertainty around global economic growth limited gains. Brent crude edged 0.5% higher at $66.30 a barrel, while WTI futures rose by 0.8% to $56.66 a barrel.
read more... 08/03/2019
Daily (22.02.2019): Carbon prices plummeted by over 8% due to bearish concerns
Oil prices edged slightly down on Thursday after EIA reported a record level of U.S. crude oil inventories and crude exports since the start of 2018, amid ongoing concerns about slower global economic growth. However, the losses were limited by OPEC’s output cuts, U.S. sanctions on Venezuelan and Iranian oil imports, as well as the advancing U.S.-China trade talks. Brent oil almost steadied at $67.07 a barrel, while WTI crude was 0.4% down at $56.96 a barrel.
read more... 22/02/2019
Daily (21.02.2019): Oil prices hit new peaks on Wednesday, due to OPEC-supply cuts and US sanctions against Iran and Venezuela
Oil prices firmed on Wednesday, supported by output cuts from OPEC, U.S. sanctions against Iran and Venezuela, as well as strong equity markets. However, the sluggish global economic outlook could further weigh on prices. As a result, Brent crude climbed by 1% to 67.08 USD/bbl, while WTI futures rose by 1.9% to 57.16 USD/bbl.
read more... 21/02/2019
Daily (20.02.2019): The German spot power price jumped by over 10% influenced by weaker wind power production
After hitting 2019 highs, oil prices calmed on Tuesday, as concerns about global crude oil demand, and uncertainty around U.S.-China trade talks, counterbalanced OPEC’s supply cuts and U.S. sanctions on Venezuela and Iran. Brent crude settled 0.1% lower at 66.45 USD/bbl, whereas WTI futures inched up by 0.1% to 56.09 USD/bbl.
read more... 20/02/2019
Daily (18.02.2019): WTI crude soared on Friday by 2.2% buoyed by U.S. sanctions on Venezuela and Iran
Oil prices soared on Friday, buoyed by U.S. sanctions against Venezuela and Iran. At the same time, OPEC-led supply cuts also supported prices. Brent crude settled 2.6% higher at 66.25 USD/bbl, or the highest value this year. At the same time, WTI crude climbed by 2.2% to 55.59 USD/bbl.
read more... 18/02/2019