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Daily (19.04.2019): NBP spot tumbled by 7.5% on Thursday due to weaker demand ahead of Easter holidays
The prospects of a tighter supply due to reduced crude exports from Saudi Arabia coupled with lower oil inventories and fewer active rigs in the U.S. led to a rise in crude oil prices on Thursday. A stronger dollar lent more support to prices. As a result, Brent crude traded 0.5% higher at $71.97 a barrel. In the meantime, WTI futures gained 0.4% to close at $64.00 a barrel.
read more... 19/04/2019
Daily (18.04.2019): EU carbon prices climbed by 1.7% on Wednesday, amidst tighter supply and bullish gas prices
Crude oil prices edged lower on Wednesday, as EIA announced that U.S. crude stocks fell less than anticipated. Meanwhile, OPEC supply cuts and U.S sanctions limited losses. As a result. Brent crude slipped by 0.1% to $71.62 a barrel, while WTI futures traded 0.5% lower at $63.76 a barrel.
read more... 18/04/2019
Daily (17.04.2019): NBP spot price plummeted by 5.2% on Tuesday, due to strong LNG arrivals
Oil prices added ground on Tuesday, bolstered by declining Venezuelan and Iranian exports and violence in Libya, which raised concerns over global crude supply. Meanwhile, expectations for higher U.S. inventories limited gains. Brent crude rose by 0.8% to $71.72 a barrel, while WTI Crude increased by 1% to $64.05 a barrel.
read more... 17/04/2019
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 (15.04.2019): Brent crude climbed by 1% on upbeat Chinese economic data and tight global supply
Oil prices added gains on Friday following a recovery in Chinese exports last month. The rising U.S. and euro zone bond yields to three-week highs and German growth forecasts also supported prices. Furthermore, involuntary cuts in Venezuela supply and Iran signaled another lift in prices. Brent crude hiked by 1% to $71.55 a barrel , while WTI futures rose by 0.5% to $63.89 a barrel.
read more... 15/04/2019