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Daily (06.12.2019): German spot power down 26% on Thursday on strong wind output
Crude oil prices evolved differently on Thursday, with WTI prices ending flat and Brent slightly up as traders awaited a decision on output from major oil producers. Brent crude rose by 39 cents, or 0.6%, to settle at $63.39 a barrel, after a hike of 3.6% in the previous session. WTI crude remained unchanged at $58.43 a barrel on the NYMEX, after surging by 4.2% the previous day. A committee of oil producers led by Saudi Arabia and Russia recommended on Thursday that the group increase their current oil production cuts by 500,000 barrels a day.
read more... 06/12/2019
Daily (05.12.2019): Oil prices skyrocketed about 4% on Wednesday ahead of the OPEC meeting
Crude oil prices skyrocketed on Wednesday, buoyed by hopes of deeper production cuts from OPEC and its allies and following a larger-than-expected drop in U.S. stockpiles. Brent crude soared by 3.6% to settle at $63 a barrel. WTI crude gained 4.2%, closing at $58.43 a barrel. It was its third straight day of gains, and its best day since September.
read more... 05/12/2019
Daily (04.12.2019): Carbon price plummets to a two-week low on Tuesday amid a weak energy complex
Crude oil prices ended on a mixed note on Tuesday, with Brent hitting its lowest level since Oct.21, while WTI prices increased for a second consecutive session. Brent decreased by 10 cents, or 0.2% to end at $60.82 a barrel, following comments from the U.S. President Trump that a trade deal with China might be delayed, feeding uncertainty over demand. WTI rose by 14 cents, or 0.3%, to close at $56.10 a barrel, extending the 1.4% gain registered on Monday.
read more... 04/12/2019
Daily (29.11.2019): French spot power price up 18% on Thursday on less nuclear availability and stronger demand
Crude oil prices diverged on Thursday, with WTI edging higher on intensified tensions between the US and China after President Donald Trump signed a bill backing protesters in Hong Kong. Despite a higher-than-expected rise in crude and gasoline inventories and a record peak in US production, WTI rose by 0.2% to settle at $58.25 a barrel. However, its European equivalent, Brent crude ended 0.3% down at $63.87 a barrel, extending losses hit in the previous session.
read more... 29/11/2019
Daily (28.11.2019): EUAs jumped by almost 3% on greater climate ambitions promised by the European Commission
Oil prices slipped on Wednesday as reports showed an unexpected increase in U.S. inventories, and record high gasoline production. Consequently, Brent crude closed the session at $64.06 a barrel, down 21 cents or 0.3% day on day. The WTI contract lost 3 cents, or 0.5%, to $58.11 per barrel.
read more... 28/11/2019