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Daily: Spot power prices increased on lower wind in Germany, nuclear supply in France
Oil prices decreased more than 1 percent yesterday on renewed worries over an oil oversupply, a stronger dollar and hopes that Nigerian insurgents will stop hampering country's crude production. Brent crude decreased 66 cents arriving at $49.26 a barrel, down 1.3 percent. U.S. West Texas Intermediate (WTI) crude diminished 66 cents, or 1.4 percent, at $46.98.
read more... 30/08/2016
Daily: UK prompt gas prices fell on Friday due to an oversupplied system
On Friday, oil prices remained generally unchanged in a volatile session, as traders responded to comments from Fed Chair Janet Yellen and rumors of missile activity in Saudi Arabia. Brent crude futures increased by 25 cents or 0.5 percent arriving at $49.92, while U.S. crude oil prices ended the session at $47.64 up 31 cents.
read more... 29/08/2016
Daily: German power prices rose on lower wind and solar production
On Thursday oil prices were up 1 percent on U.S.-Iran military tensions in the Gulf and rumors that the dollar will drop according to a monetary policy speech made by the head of U.S. Federal Reserve. Brent crude futures increased by 62 cents, or 1.3 percent, at $49.67 a barrel. U.S. West Texas Intermediate (WTI) futures augmented by 56 cents, or by 1.2 percent, arriving at $47.33.
read more... 26/08/2016
Daily: Gas prices down on an oversupplied system
Oil prices dropped on Wednesday, with U.S. crude reducing by about 3 percent, on renewed worries over oversupply, due to an unexpected huge inventory in the world's biggest oil consumer. U.S. West Texas Intermediate (WTI) futures settled down at $46.77 per barrel, decreasing by $1.33, or 2.8 percent. Brent crude futures dropped by 91 cents, or 1.8 percent, arriving at $49.05.
read more... 25/08/2016
Daily: Oil prices up on news of Iranian support
Tuesday saw the oil prices going up, after rumors that Iran is sending positive signals that they could support an OPEC joint action by limiting this way the market to prop up. Brent crude increased 80 cents, or 1.6 percent, arriving at $49.96 a barrel. U.S. West Texas Intermediate (WTI) crude increased 69 cents, or 1.5 percent, to close at $48.10.
read more... 24/08/2016