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Daily (29.04.2019): Crude oil prices plunged by almost 3% on Friday, after Donald Trump urged OPEC countries to raise output
Crude oil prices lost ground on Friday, after Donald Trump urged OPEC countries to raise output as to stop further gains in crude prices. Brent crude plunged by 3% to $72.15 a barrel, while WTI futures traded 2.9% lower at $63.30 a barrel.
read more... 29/04/2019
Daily (26.04.2019): French spot power price spiked by 40% on Thursday due to falling wind output
Oil prices declined on Thursday, as global oil capacity looks sufficient to compensate the supply gap after the soon-ending sanction waivers on Iranian oil imports. WTI futures dropped by 1% to $65.21 a barrel, amid stronger U.S. crude production and abundant stocks. Brent crude slipped by merely 0.3% to $74.35 a barrel, with losses limited by halted oil imports via Russian pipeline due to quality concerns.
read more... 26/04/2019
Daily (25.04.2019): NBP spot spiked by around 15% on Wednesday due to rising consumption
Oil prices were mixed on Wednesday. Brent crude edged 0.1% up at $74.57 a barrel, due to ongoing worries that global oil supply would decline after the termination of U.S. sanction waivers on Iranian oil imports on May 1. In the meantime, WTI futures traded 0.6% down at $65.89 a barrel, weighed by stronger U.S. crude production and stocks.
read more... 25/04/2019
Daily (24.04.2019): The energy complex returned to pre-Easter holidays levels on Tuesday due to firmer demand
Oil prices continued their upward trend on Tuesday, as sanction waivers on Iranian oil imports will stop on May 1. However, U.S. officials consider that increasing U.S. crude production along with supplies from supportive Saudi Arabia and United Arab Emirates are enough to cover global demand. As a result, Brent crude traded 0.6% higher at $74.51 a barrel, while WTI futures rose by 1.1% to $66.30 a barrel.
read more... 24/04/2019
Daily (23.04.2019): Oil prices surged by 2.9% on Monday after U.S. commitment to cancel waivers on Iranian crude imports
Crude oil prices jumped to a 2019 high on Monday, on prospects of a tighter supply raised by U.S. commitment to end all sanction waivers as of May 1 for the eight countries that import Iranian oil. Ongoing U.S. sanctions against Iran and Venezuela, as well as OPEC’s production cuts also supported prices. Brent crude soared by 2.9% to $74.04 a barrel, while WTI futures surged by 2.4% to $65.55 a barrel.
read more... 23/04/2019