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Daily (17.08.2018): NBP spot jumped by 4.5% week-on-week to a 5-month peak, due to outages and lower flows from Norway

Oil prices regained momentum on Thursday, after having declined a day earlier because of high crude inventories, but predictions of lower demand kept prices under control. Brent crude closed 1% higher at $71.43 a barrel, posting a 1% loss for the week. Meanwhile, WTI crude rose 0.7% to $65.46 a barrel, slumping by 2% week-on-week.

read more... 17/08/2018

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Daily (16.08.2018): WTI crude dropped by 3% on Wednesday, due to a high level of crude inventories

Oil prices were bearish on Wednesday, as trade tensions weighed down on demand and investors kept selling amid increased output. Brent crude contract lost 2.4% to close at $70.76 a barrel. WTI crude dipped by 3% to $65.01 a barrel, due to U.S. production growth.

read more... 16/08/2018

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Daily (15.08.2018): Bullish UK gas forward prices on Tuesday, due to upcoming maintenance at Kollsnes

Increasing trade tensions between US and China led to a decline in oil prices on Tuesday. Brent crude edged 0.2% lower at $72.46 a barrel, due to a pessimistic economic outlook and predictions of reduced demand. Meanwhile, WTI crude ended 0.2% down at $67.04, following the rise in crude inventories.

read more... 15/08/2018

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Egypt Signs New Agreements with European Oil Companies

Egypt's Minister of Petroleum and Mineral Resources Tarek El-Molla signed three agreements today for the exploration of oil and natural gas in the Mediterranean, Western Sahara and Nile Delta.

read more... 15/08/2018

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Daily (14.08.2018): Carbon prices hiked by 1% to a new 7-year peak on Monday, tracking bullish coal markets

Oil prices fell on Monday, mainly due to a sudden rise in inventories and escalating trade tensions between U.S and China, increasing worries about fuel demand. Brent crude was 20 cents, or 0.3%, down at $72.61 a barrel. Meanwhile, WTI crude slipped by 0.6% to end at $67.20 a barrel.

read more... 14/08/2018

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