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Daily (30.01.2017): Crude oil prices lose ground on increasing U.S. drilling activity
Crude oil prices retired on Friday, prolonging losses after figures indicated drilling is increasing in the United States, triggering investor concern about how effective OPEC and other producers will be at supporting prices by reducing supplies.
read more... 30/01/2017
Daily (27.01.2017): Oil up 2% on stock market, but U.S. supply limits gains
Oil prices rose 2 percent on Thursday, supported by the constant rally in the U.S. stock market, even though gains in crude futures were capped by significant inventories in spite of efforts by producers to cut output. U.S. light crude futures increased by $1.03 to close at $53.78 a barrel, while Brent crude jumped by 2.1%, or $1.16, to settle at $56.24.
read more... 27/01/2017
Daily (26.01.2017): European spot electricity prices dip on stronger wind output, warmer weather
Crude oil prices tumbled less than 1 percent on Wednesday on figures showing an increase in U.S. crude stockpiles, reinforcing the view that oil prices are moving within a relatively tight range, spurred by expected OPEC production cuts, while dragged down by growing U.S. output.
read more... 26/01/2017
Daily (25.01.2017): UK’s spot gas prices tumble on oversupply, warmer weather forecasts
Crude oil prices posted a modest increase on Tuesday on news that OPEC and other exporters are lowering production being offset by signs that drilling and production in the U.S. are definitely on the rise. Increased drilling in the United States could curb oil prices.
read more... 25/01/2017
Daily (24.01.2017): German day-ahead power contract up 111% amid strong demand
Crude oil prices lost 1 percent on Monday as signs of a strong rebound in U.S. drilling activity eclipsed news that OPEC and non-OPEC producers were likely to meet output reduction objectives.
read more... 24/01/2017