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Daily (18.09.2018): Electricity prices on the curve surged by around 5% on Monday, tracking bullish carbon markets
Oil crude prices fell slightly on Monday, as trade tensions between U.S. and China could have an impact on the global demand. Brent crude ended 0.1% down at $78.05 a barrel, but losses were capped by a cut in Iranian outputs. WTI crude also slipped by 0.1% to $68.91 a barrel.
read more... 18/09/2018
Daily (17.09.2018): German spot electricity contract lost 20.1% on Friday, due to increased solar and coal power supply
Oil crude prices were almost steady on Friday after the previous session's sharp decline caused by worries about lower demand. However, prices recouped losses to end the week higher, stimulated by earlier gains on supply constraints from Iran following U.S. sanctions. WTI crude closed 0.6% up at $68.99 a barrel, while Brent price edged slightly down at $78.09 a barrel.
read more... 17/09/2018
Daily (13.09.2018): German spot power prices gained 12% on Wednesday, on predictions of lower wind generation
Oil crude prices continued to gain ground on Wednesday, because of dwindling U.S. stocks. Another reason is that concerns about global oil supply have increased amid looming sanctions on Iranian exports. Brent crude closed 0.9% up at $79.74 a barrel, while WTI crude price soared by 1.6% to $70.37 a barrel.
read more... 13/09/2018
Daily (12.09.2018): Brent crude soared by 2.2% on Tuesday, due to stronger demand ahead of November sanctions
Strong demand pushed crude prices higher on Tuesday, because President Donald Trump announced that starting from November 4th Iranian crude buyers will stop their purchases. Accordingly, Brent crude traded 2.2% higher at $79.06 a barrel. Meanwhile, WTI crude price increased by 2.5% to $69.25 a barrel.
read more... 12/09/2018
Daily (11.09.2018): UK gas contracts hit new peaks on Monday, due to an undersupplied system and bullish carbon markets
Oil crude futures continued to rise on Monday, as a decline in exports from Iran ahead of the November deadline for the implementation of new U.S. sanctions supported prices. Brent crude traded 0.7% higher at $77.37 a barrel. However, WTI crude dropped by 0.3% to $ 67.54 a barrel, because of higher U.S. inventories.
read more... 11/09/2018