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Daily (23.01.2016): Crude oil soars over 2% ahead of producers’ compliance meeting
Crude oil prices surged more than 2 percent on Friday on expectations that weekend‘s meeting of the world largest oil producers would establish a mechanism to verify compliance with a deal to reduce 1.8 million barrels per day (bpd) of output.
read more... 23/01/2017
Daily: Crude oil jumps about 1% on hopes over non-OPEC output restrictions
Crude oil prices boosted about 1 percent on Friday on optimism that non-OPEC producers meeting in Vienna over the weekend would agree to cut output according to restrictions announced on November 30. However, both Brent and U.S crude futures posted their first weekly loss in four weeks. Brent crude rose by 44 cents, or 0.82 percent, to settle at $54.33 per barrel after fluctuating between $53.77 and $54.46. U.S. crude's West Texas Intermediate (WTI) futures closed the session at $51.50 a barrel, up 66 cents or 1.30 percent, after trading narrowly between $50.86 and $51.66.
read more... 12/12/2016
Daily: Electricity curve prices in Europe decline on French nuclear restart, higher wind, thermal output in Germany
Crude oil prices settled lower on Tuesday for the first time since OPEC agreed on November 30 to curb output, as data showed record output in producer group fed skepticism that it would be able to curtail supplies. Brent futures shed $1.01 to settle at $53.93 a barrel, while U.S. West Texas Intermediate (WTI) crude futures eased 86 cents to end at $50.93 per barrel. Crude had soared over 15 percent in the four sessions since the November 30 OPEC meeting.
read more... 07/12/2016
Daily: Crude oil plunges nearly 4% on doubts aver OPEC output reduction
Crude oil prices decreased by about 4 percent on Tuesday as OPEC’s top oil exporters struggled to agree on a deal to limit production in order to increase prices, with Iran and Iraq in dispute with Saudi Arabia a day ahead of the meeting. Brent futures lost $1.86, or 3.9 percent, to close at $46.38 a barrel, while U.S. crude shed $1.85, or 3.9 percent, to end at $45.23. That was the largest daily percentage decline for Brent since September.
read more... 30/11/2016
Daily: French spot electricity price surges over 70 euros as temperatures fell
Crude oil prices firmed more than 2 percent on Monday in volatile trading, recovering losses as the market reacted to uncertain conditions that top producers will be able to agree on output reductions at a meeting on Wednesday. U.S. West Texas Intermediate crude futures rose $1.02, or 2.21 percent to settle at $47.08 a barrel. Brent crude gained $1.00, or 2.12 percent, to close at $48.24 a barrel. In post-settlement trading, oil futures paired gains on reports that OPEC experts did not agree on the details of a deal to curb production.
read more... 29/11/2016