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Daily (18.12.2018): WTI crude plummeted by 2.6% on Monday, due to higher inventories and fears over global fuel demand
Oil prices decreased on Monday steeper than expected on worries that production cuts may not balance the market with decreased fuel demand. Accordingly, Brent crude was 1.1% down at $59.61 a barrel. Rising crude stocks also weighed down on the prices, with WTI crude falling 2.6% to $49.88 a barrel, its lowest since September 2017.
read more... 18/12/2018
Daily (28.11.2018): Power year-ahead prices rose by over 2% on Tuesday, following the upward trend in coal market
An increase in crude stocks and continuing US-China trade concerns weighed down on oil prices on Tuesday. Nevertheless, expectations for a cut in production limited losses. Brent crude edged 0.5% lower at $60.21 a barrel, while WTI crude slipped by 0.1% to $51.56 a barrel.
read more... 28/11/2018
Daily (23.11.2018): Oil prices tumbled by 1.4% to hit new one-year lows on Thursday due to a sharp rise in inventories
Oil prices reversed trend on Thursday slumping to new one-year lows, after U.S. stocks reached the highest level since December last year, adding to concerns about global oversupply. Both Brent and WTI traded 1.4% lower at $62.6 a barrel and $53.86 a barrel, respectively.
read more... 23/11/2018
Daily (21.11.2018): WTI crude fell by over 6% on Tuesday, due to a larger-than-expected build in the U.S. stocks
Oil prices plummeted on Tuesday on growing worries about a pessimistic global economic outlook. Prices were under pressure, as U.S. President Donald Trump announced about its decision to continue the partnership with Saudi Arabia. Brent crude slumped by 6.4% to settle at $62.53 a barrel. A larger-than-expected build in the U.S. stocks weighed down on the WTI crude, which tumbled by 6.6% to $53.43 a barrel, the lowest level in more than a year.
read more... 21/11/2018
Daily (20.11.2018): The French power spot price jumped by almost 58% on Monday, due to lower nuclear availability and colder weather forecasts
A reduction in U.S. crude stocks and a potential cut in OPEC production contributed to a slight increase in oil prices on Monday, after a volatile session. Concerns over the continuous trade war between US and China limited gains, keeping Brent crude almost flat at $66.73 a barrel. Meanwhile, WTI crude prices soared by 1.3% to close at $57.2 a barrel.
read more... 20/11/2018