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Daily (11.11.2019): NBP spot jumped by 7.2% on Friday due to colder weather

Oil prices inched up on Friday despite U.S President Donald Trump not agreeing to decrease tariffs on China, but still accepting a potential deal to be struck by the end of the month. Hence, Brent crude traded 0.4% higher at $62.51 a barrel. WTI futures edged 0.2% higher at $57.24 a barrel.

read more... 11/11/2019


Daily (08.11.2019): NBP spot jumped by 5.5% on Thursday amid higher demand and weaker Norwegian pipeline supply

Crude oil prices firmed on Thursday, amid optimistic signs from China suggesting that the trade deal with the U.S. is moving closer to a much-awaited conclusion, raising hopes for a stronger crude demand. Under such circumstances, WTI futures spiked by 1.4% to $57.15 a barrel, while Brent crude inched up by 0.9% at $62.29 a barrel.

read more... 08/11/2019


Daily (05.11.2019): European spot power prices recovered by over 50% on Monday due to rising demand after a bank holiday

Crude oil prices continued their bullish trend on Monday, as the upbeat U.S. job growth data and market optimism over a potential preliminary trade deal between the U.S. and China this month improved the global crude demand outlook. As a result, Brent crude was 0.7% higher at $62.13 a barrel, while WTI futures moved 0.6% up to $56.54 a barrel.

read more... 05/11/2019


Daily (04.11.2019): NBP spot surged by 25.5% on Friday due to lower Norwegian flows and an expected spike in heating demand

Crude oil prices posted robust gains on Friday, stimulated by higher-than-expected U.S. employment data in October and optimism that Chinese factory activity expanded at the fastest rate since 2017. On trade talks side, the U.S. and China are moving closer towards a Phase One trade deal, which might be signed this month. That bullish background sent WTI futures 3.7% up at $56.20 a barrel, while Brent crude hiked by 2.4% to $61.69 a barrel.

read more... 04/11/2019


Russia's VEB signs deal to build 2 bln euro refinery in Morocco -report

Russian state development bank VEB signed a deal on Wednesday to build a 2 billion euro ($2.2 billion) oil refinery in Morocco, the north African country’s state news agency MAP said.

read more... 24/10/2019