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Daily (10.05.2019): NBP spot soared by 10.8% on Thursday, due to lower Norwegian flows
Oil prices slightly diverged on Thursday, as investors were uncertain about the outcome of the still unsettled U.S.-China trade dispute. Brent crude was almost flat at $70.39 a barrel. WTI futures lost 0.7% to close at $61.70 a barrel.
read more... 10/05/2019
Daily (09.05.2019): WTI futures rose by 1.2% on Wednesday, due to an unexpected drawdown in U.S. crude stockpiles
Despite worries over the U.S.-Chinese trade negotiations, crude oil prices added ground on Wednesday due to a surprise drawdown in U.S. crude stockpiles. Brent crude edged 0.7% higher at $70.37 a barrel, while WTI futures traded 1.2% up at $62.12 a barrel.
read more... 09/05/2019
Daily (03.05.2019): EUAs fell by over 9% on a weekly basis, after the end of compliance purchase
The high level of U.S. crude stockpiles overshadowed the ongoing fears of a tighter supply, pushing crude oil prices lower on Thursday. Moreover, a potential rise in Saudi Arabia’s production to meet Asian refineries’ requests for more crude oil also weighed on prices. Consequently, WTI futures plunged by 2.8% to $61.81 a barrel, while Brent crude fell by 2% to $70.75 a barrel.
read more... 03/05/2019
Daily (02.05.2019): The German spot power price soared by 49% on Wednesday, on forecasts for cold weather and low wind output
Oil prices declined on Wednesday, after EIA data showed a new record level of oil production since September 2017 and a surge in the crude inventories in the U.S. Brent crude lost 0.9% to trade at $72.18 a barrel, while WTI futures edged 0.5% lower at $.63.60 a barrel. Nevertheless, the losses were limited by the prospect of a weaker oil supply due to increasing unrest in Venezuela and the end of U.S. sanction waivers on countries importing Iranian oil.
read more... 02/05/2019
Daily (30.04.2019): NBP spot rose by 1.5% on Monday amid increasing demand
Oil prices slightly diverged on Monday. WTI futures added 0.3% to close at $63.50 a barrel, resuming their last week’s rally due to unclear details of President Trump’s comments on Friday about his call on OPEC to raise production. Meanwhile, Brent crude edged 0.2% down at $72.04 a barrel, as losses were limited by concerns over a tight global oil supply driven by ongoing OPEC-led production cuts coupled with U.S. sanctions on Venezuelan and Iranian oil exports.
read more... 30/04/2019