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Daily (25.05.2020): Oil futures settled lower on Friday amid U.S.-China turbulence, but posted a weekly gain
Crude oil futures lost ground on Friday amid worries about economic recovery in China and rising tensions between Beijing and Washington.
read more... 25/05/2020
Daily (22.05.2020): NBP spot down 19% due to oversupply and weak demand
Crude oil futures continued to climb in an optimistic climate on Thursday, to hit their highest settlement since March amid lower U.S. inventories and hopes for a recovery in demand for black gold. Hence, Brent crude for July delivery rose by 31 cents, or 0.9%, to settle at $36.06 per . At the same time, U.S. WTI crude gained 43 cents, or 1.3%, to end at $33.92 per barrel.
read more... 22/05/2020
Daily (19.05.2020): EUAs surpass the €20-mark for the first time this month amid wider markets gains
Crude oil futures rallied to their highest settlement in more than two months on Monday, driven by historic production cuts, the prospect of demand recovery following countries’ lockdown and revival of their economies, and promising early results from coronavirus vaccine trial.
read more... 19/05/2020
Daily (18.05.2020): Brent crude gained 5% and WTI 19% for the week, driven by a mix of bullish news
Crude oil futures climbed on Friday, as worldwide countries eased travel restrictions and following the release of better than expected Chinese industrial production data, indicating a recovery in oil demand. Hence, Brent crude settled up $1.37, or 4.4% a barrel at $32.50, while the U.S. WTI crude soared by $1.87, or 6.8%, to close at $29.43 a barrel. Both contracts posted gains for the third consecutive week.
read more... 18/05/2020
Daily (14.05.2020): Oil prices turned bearish on Wednesday on wait-and-see approach adopted by investors
The solemn speech from the U.S. Federal Reserve Chair Jerome Powell stating that economic recovery would be a long process led to a plunge in oil prices, despite the first decline in U.S. inventories since January. Brent crude fell 79 cents, or 2.6%, to $29.19 a barrel. West Texas Intermediate crude futures dropped by 78 cents, or 1.9%, to $25.29.
read more... 14/05/2020