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Daily (26.10.2018): German day-ahead electricity price surged by around 20% on Thursday, due to increased demand and lower wind generation
Oil contracts were bullish on Thursday, following the declaration of the minister of Saudi Arabia that major exporters would probably have to support crude markets. Brent crude rose by 1% to $76.89 a barrel. Meanwhile, WTI crude gained 0.8% to close at $67.33 a barrel.
read more... 26/10/2018
Daily (25.10.2018): European carbon contracts gained 2% on Wednesday, rebounding from previous losses
The IEA forecasted slower growth in demand for the next year due to geopolitical risks and weaker economy, and thus, Brent crude price edged 0.4% lower at $76.17 a barrel. However, WTI crude price rose by 0.6% to $66.82 a barrel, as U.S. stocks posted the biggest daily decline since 2011.
read more... 25/10/2018
Daily (23.10.2018): British gas contracts were bearish on Monday, due to an oversupplied system
On Monday, oil prices edged slightly higher, following a small reduction in supplies as sanctions against Iranian exports will be soon applied and as Saudi minister Khalid al-Falih suggested that tensions with the U.S. would not affect the market. Brent crude price was 0.1% up at $79.83 a barrel. Meanwhile, WTI crude futures increased by 0.4% to $69.36 a barrel.
read more... 23/10/2018
Daily (22.10.2018): European power contracts on the curve posted gains on Friday ahead of the colder season
Oil prices rose on Friday, supported by expectations for rising demand from China. On the other side, the increase in inventories and U.S. - Sino trade tensions capped further gains, with Brent crude price trading 0.6% higher at $79.78 a barrel. Meanwhile, WTI crude futures soared by 0.7% to $69.12 a barrel.
read more... 22/10/2018
Daily (19.10.2018): EU carbon contracts recovered on Thursday in a strong auction
Oil crude prices fell on Thursday following data revealing ample U.S. crude inventories. Brent crude futures dropped by 1% to close at $79.29 a barrel, while the U.S. West Texas Intermediate (WTI) crude futures declined by 1.6% to trade at $68.65 a barrel.
read more... 19/10/2018