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Daily (16.04.2019): NBP spot plunged by 6.9% on Monday, on milder weather forecasts and new LNG arrivals
Oil prices reversed trend registering losses on Monday, after having hit recently a five-month high, on signals that Russia could boost production to strengthen its position on the market. Brent crude edged 0.5% lower at $71.18 a barrel, while WTI Crude dropped by 0.8% to $63.40 a barrel.
read more... 16/04/2019
Daily (10.04.2019): NBP spot soared by over 10% on Tuesday amid system undersupply
Crude oil prices pared earlier gains on Tuesday, following an unexpected increase in U.S. crude inventories and Russia’s comments on a potential rise in its oil production after OPEC’s meeting in June. However, OPEC-led supply cuts as well as U.S. sanctions against Iran and Venezuela capped losses. Brent crude price edged down by 0.7% to $70.61 a barrel. The same decline was noticed in WTI futures, which ended at $63.98 a barrel.
read more... 10/04/2019
Daily (08.04.2019): NBP contracts on the curve posted strong gains on Friday amid a bullish energy complex
Friday saw an upward evolution in oil prices, after optimistic U.S. employment data eased concerns over a waning crude oil demand. A potential decline in oil supplies amid the escalating conflict in Libya and the ongoing progress in U.S.-China trade talks also supported prices. Brent crude price jumped by 1.4% to $70.34 a barrel, hitting a second consecutive week of gains. WTI futures recorded a fifth straight weekly hike, trading 1.6% up at $63.08 a barrel.
read more... 08/04/2019
Daily (26.03.2019): NBP spot down by 2.5% on Monday due to stronger Norwegian flows
Oil prices had a mixed evolution on Monday, amid concerns over a potential decline in crude supply ahead of the weekly U.S. inventories data. WTI futures traded 0.4 % down at 58.82 USD/bbl. In the meantime, the Brent crude price edged 0.3% up at 67.21 USD/bbl, supported by steady OPEC’s production cuts and an improved German business climate index which eased the prospect of a recession in Europe's biggest economy.
read more... 26/03/2019
Daily (22.03.2019): NBP spot gas price dropped by almost 2% on Thursday, on robust supplies and milder weather
Crude oil prices slipped on Thursday, on weaker global demand and trade worries. However, losses were limited due to reduced global stocks, OPEC-led supply cuts and U.S. sanctions on Iran and Venezuela. Brent oil dipped by 0.9% to $67.86 a barrel, while WTI futures edged 0.4% lower at $59.98 a barrel.
read more... 22/03/2019