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Daily (19.10.2018): EU carbon contracts recovered on Thursday in a strong auction

Oil crude prices fell on Thursday following data revealing ample U.S. crude inventories. Brent crude futures dropped by 1% to close at $79.29 a barrel, while the U.S. West Texas Intermediate (WTI) crude futures declined by 1.6% to trade at $68.65 a barrel.

read more... 19/10/2018

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Daily (18.10.2018): WTI crude dropped by 3% on Wednesday due to a jump in US stockpiles

Oil crude prices fell on Wednesday as the U.S. Energy Department's Energy Information Administration revealed a higher-than-expected build in U.S. crude inventories, offsetting concerns about diplomatic relations with Saudi Arabia. Therefore, Brent crude price traded 1.7% lower to settle at $80.05 a barrel. WTI crude price plunged 3% down to settle at $69.75 a barrel.

read more... 18/10/2018

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Daily (12.10.2018): NBP spot price plummeted by almost 9% on Thursday, due to an oversupplied system

Oil crude prices ended lower on Thursday, following a drop in global stock markets, as the Dow Jones took its biggest plunge since February on Wednesday. Moreover, the investor sentiment was affected by an industry report, which revealed an unexpected rise in U.S. crude oil supply. Consequently, the WTI crude closed 3% down at $70.97 a barrel, while Brent oil fell by 3.4% to $80.26 a barrel. 

read more... 12/10/2018

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Daily (11.10.2018): WTI crude dropped by 2.4% on Wednesday as forecasts for lower economic growth curbed the demand for oil

Oil crude prices slipped on Wednesday as the International Monetary Fund (IMF) mitigated its global growth projections in its latest World Economic Outlook report, reducing the demand for oil. However, the losses were capped as Hurricane Michael led to the shutdown of roughly 40% of Gulf of Mexico’s crude oil production. Brent crude closed at $83.09 a barrel, representing a 2.3% loss. WTI crude tumbled by 2.4% to settle at $73.17 a barrel.

read more... 11/10/2018

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Daily (10.10.2018): German day-ahead power price declined by more than 13% on Tuesday due to high wind output

Global oil prices rose slightly on Tuesday, on signs of falling crude Iranian exports, before the imposition of a new round of U.S. sanctions. Furthermore, a partial shutdown in production in the Gulf of Mexico, ahead of Hurricane Michael heading towards eastern states sustained the upward trend in prices. WTI crude oil price, the U.S. benchmark contract, gained 67 cents on Tuesday, representing a 0.9% increase, and traded at $74.96 a barrel. Meanwhile, the international benchmark Brent crude oil futures rose by 1.3% to trade at $85.00 a barrel.

read more... 10/10/2018

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