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Daily (26.11.2019): WTI crude price recovered by 0.4% on Monday, on hopes for a U.S.-China trade deal
Oil prices climbed on Monday, spurred by optimistic trade talks between the U.S. and China. The expectations that a deal could be soon inked between the world’s two largest economies might increase attractiveness for global oil crude demand. Hence, Brent crude rose by 26 cents, or 0.4% at $63.65 a barrel. WTI crude surged by 24 cents, or 0.4% to settle at $58.01.
read more... 26/11/2019
Daily (25.11.2019): German spot power price down about 30% on Friday on lower consumption expectations
Crude oil prices retreated from two-month highs on Friday, dragged down by uncertainty over U.S.-China trade talks, shading expectations for an extension to production reductions by OPEC and its allies. Brent crude for January delivery lost 58 cents or 0.9% to settle at $63.39 per barrel, posting a slight gain for the week. The WTI crude fell by 1.4% to close at $57.77 per barrel.
read more... 25/11/2019
Daily (22.11.2019): WTI crude hit a 2-month high on Thursday, on potential extension of OPEC+ crude cuts and optimism around China-U.S trade talks
Crude oil prices traded higher on Thursday reaching their highest level in two months, as OPEC and its allies will most probably extend oil supply cuts until June. The news about China’s intention to invite U.S. to a second round of trade negotiations also supported the bullish trend. Hence, Brent crude rose by 2.5% to $63.97 a barrel. WTI futures climbed 2.8% to $58.58 a barrel.
read more... 22/11/2019
Daily (21.11.2019): The 3.3% hike in WTI crude due to a lower-than-predicted growth in U.S crude inventories lent support to the entire energy complex
Oil prices increased on Wednesday following a report indicating that U.S crude inventories rose lower than expected. Moreover, Russia promised to continue its cooperation with OPEC to maintain a balanced oil market. Brent crude jumped by 2.5% to $62.40 a barrel. WTI crude climbed by 3.3% to $57.01 a barrel.
read more... 21/11/2019
Daily (20.11.2019): WTI crude dropped by 3.2% on Tuesday on worries about oversupply and slow progress in U.S.-China trade dispute
Oil prices declined on Tuesday on worries about crude oversupply and slow evolution in resolving the U.S- China trade war. Brent crude dropped by 2.5% to $60.91 a barrel. WTI futures fell by 3.2% to $55.21 a barrel.
read more... 20/11/2019