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Daily (12.07.2017): Oil prices jumped by 1.4% on Tuesday
Oil prices rose almost 1.4% on Tuesday, extending gains from the previous day as the U.S. government cut its crude production outlook for next year and as fuel inventories plunged. At the same time, output from the OPEC remains high despite a pledge led by the producer group to cut supplies in order to tighten the market. Brent crude rose settled at $47.52 a barrel, while the WTI price increased by 1.44% to $45.05 a barrel.
read more... 12/07/2017
Daily (10.07.2017): EU carbon prices hit a new 4-month high on Friday
Oil prices ended sharply lower on Friday, toward their lowest finish in nearly two weeks, as a number of active U.S. oil rigs climbed higher, according to data from Baker Hughes released Friday. in U.S. That was combined with the weekly rise in total U.S. crude production reported by U.S. Energy Department Administration on Thursday. Brent crude fell by almost 3% to end at $46.71 a barrel, while the WTI price decreased by 2.83% to $44.23 a barrel.
read more... 10/07/2017
Daily (07.07.2017): EU carbon prices jumped by 4% to hit one-month high on Thursday
Oil rose on Thursday, recovering some ground as the data from the American Petroleum Institute on Wednesday showed U.S. crude inventories fell more sharply than expected. Also, weekly inventory figures from the U.S. EIA confirm a heavy drop in crude stocks. Traders consider that there is a potential for oil prices to rise much higher. Brent crude jumped by almost 0.7% to end at $ 48.11 a barrel, while the WTI price soared increased by 0.9% to $45.52 a barrel.
read more... 07/07/2017
Daily (06.07.2017): Oil prices fell by around 4% on Wednesday
Oil prices fell on Wednesday, ending their longest bull run in more than five years, due to increasing OPEC exports and a stronger dollar. Brent crude slumped by almost 3.7% to end at $47.79 a barrel, while the WTI price edged 4.08% down to $45.13 a barrel.
read more... 06/07/2017
Daily (05.07.2017): German spot power contract rose by over 11% on Tuesday
Oil prices flirted with both positive and negative territory on Tuesday, as many traders closed positions ahead of the U.S. Independence Day holiday on July 4. Brent also faced technical resistance as it approached $50 a barrel, on tentative signs that a persistent rise in U.S. crude production might be slowing. Brent crude decreased by 7 cents to end at $49.61 a barrel, while the WTI price settled at $47.05 a barrel.
read more... 05/07/2017