Latest news
Daily (27.02.2023): Power prices increased on Friday amid rising gas and coal prices
Oil prices rose on Friday due to the prospect of lower Russian exports which counterbalanced rising US stocks. Consequently, Brent crude increased by 1.1% to $83.16 a barrel and WTI oil ended 1.2% higher at $76.32 a barrel.
read more... 27/02/2023
Daily (12.01.2023): Oil prices soared by 3% to one-week high on Wednesday amid improved global economic outlook
Crude oil prices prolonged their gains, to hit a one-week high on Wednesday as optimism about the global economy and concerns about the impact of sanctions on Russian crude output outweighed a massive, unexpected build in US crude stocks. Brent crude soared by $2.57, or 3.2%, to settle at $82.67 a barrel. U.S. WTI crude increased by $2.29, or 3.1%, to settle at $77.41 a barrel.
read more... 12/01/2023
Daily (23.12.2022): Oil prices lost 1% on Thursday as concerns about rate hikes outweighed tighter US stockpiles
Crude oil prices dropped by about $1 per barrel in choppy trading on Thursday as concerns about the impact of Federal Reserve interest rate hikes and China's rising COVID-19 cases outweighed the impact of lower U.S. crude stocks as a result of a winter storm in the United States. Hence, Brent crude settled at $80.98 a barrel, decreasing by $1.22, or 1.5% day-on-day. U.S. WTI crude future settled at $77.49, losing 80 cents, or 1%.
read more... 23/12/2022
Daily (03.11.2022): The NBP spot price soared amid cooler weather
The Federal Reserve raised interest rates for the fourth time this year on Wednesday, which led to a gain in oil prices despite decreases in other risky assets. Furthermore, U.S. oil stocks dropped as refineries raised production in anticipation of the winter heating season, lending more support to the market. As a result, WTI crude ended 1.8% higher at $90 per barrel, while Brent crude settled at $96.16 per barrel, up 1.6%.
read more... 03/11/2022
Oil prices climbed on Wednesday following a weekly drop in US crude stocks
Oil prices climbed on Wednesday, following a weekly drop in US crude stocks and a rise in demand from the nation with the highest oil consumption. Consequently, Brent crude increased by 2.6% to $92.41 a barrel, and WTI oil rose by 3.3% to $85.55 a barrel.
read more... 20/10/2022