Latest news
Daily (06.05.2019): NBP spot price surged by 1.2% on Friday, due to cooler weather
Oil prices rose slightly on Friday supported by positive U.S. economic data. At the same time, output losses in Iran and Venezuela hit by US sanctions tightened the market. Even if Brent crude edged 0.1% higher at $70.85 a barrel, it nevertheless posted a 1.8% weekly decline.
read more... 06/05/2019
Daily (30.04.2019): NBP spot rose by 1.5% on Monday amid increasing demand
Oil prices slightly diverged on Monday. WTI futures added 0.3% to close at $63.50 a barrel, resuming their last week’s rally due to unclear details of President Trump’s comments on Friday about his call on OPEC to raise production. Meanwhile, Brent crude edged 0.2% down at $72.04 a barrel, as losses were limited by concerns over a tight global oil supply driven by ongoing OPEC-led production cuts coupled with U.S. sanctions on Venezuelan and Iranian oil exports.
read more... 30/04/2019
Daily (25.04.2019): NBP spot spiked by around 15% on Wednesday due to rising consumption
Oil prices were mixed on Wednesday. Brent crude edged 0.1% up at $74.57 a barrel, due to ongoing worries that global oil supply would decline after the termination of U.S. sanction waivers on Iranian oil imports on May 1. In the meantime, WTI futures traded 0.6% down at $65.89 a barrel, weighed by stronger U.S. crude production and stocks.
read more... 25/04/2019
Daily (19.04.2019): NBP spot tumbled by 7.5% on Thursday due to weaker demand ahead of Easter holidays
The prospects of a tighter supply due to reduced crude exports from Saudi Arabia coupled with lower oil inventories and fewer active rigs in the U.S. led to a rise in crude oil prices on Thursday. A stronger dollar lent more support to prices. As a result, Brent crude traded 0.5% higher at $71.97 a barrel. In the meantime, WTI futures gained 0.4% to close at $64.00 a barrel.
read more... 19/04/2019
Daily (17.04.2019): NBP spot price plummeted by 5.2% on Tuesday, due to strong LNG arrivals
Oil prices added ground on Tuesday, bolstered by declining Venezuelan and Iranian exports and violence in Libya, which raised concerns over global crude supply. Meanwhile, expectations for higher U.S. inventories limited gains. Brent crude rose by 0.8% to $71.72 a barrel, while WTI Crude increased by 1% to $64.05 a barrel.
read more... 17/04/2019