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Daily (12.04.2017): Oil prices upturn following a possible cut of Saudi Arabia production level
Crude oil prices strengthened on Tuesday due to a possible cut of Saudi Arabia production level, with Brent crude futures settling at $56.23 per barrel, up 25 cents from their last close, reaching their highest since March 7.
read more... 12/04/2017
Daily (03.04.2017): Brent oil prices recorded the biggest monthly loss since July 2016
Crude oil prices dipped about 0.25% on Friday due to rising production from shale, boosting the global supply glut. It registered the biggest monthly loss since July 2016.
read more... 03/04/2017
Daily (31.03.2017): Oil settles higher at $50.35 on expectations for OPEC agreement extension
Oil prices increased for a third day on Thursday to their peak in three weeks after Kuwait gave its backing for an extension of OPEC production reductions in an effort to limit global oversupply. Both Brent and U.S. crude hit their highest levels since March 9 on Thursday.
read more... 31/03/2017
Daily (07.03.2017): European spot power prices spurred by high demand, tighter supply
Crude oil prices evolved differently on Monday, with Brent gaining ground and WTI crude falling slightly on reports that Iraq would participate in output reduction if OPEC extended oil production cuts into the second half of the year.
read more... 07/03/2017
Daily (27.02.2017): Brent crude down 1% due to rising U.S. production
Crude oil prices fell on Friday as market returned to volatility last week as rising U.S. production continues to weigh on OPEC's efforts to reduce supply.
read more... 27/02/2017