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Daily (27.05.2019): Brent crude recovered by 1.4% on Friday, posting however its biggest loss of 2019
Crude oil prices rose on Friday due to the long US and UK holiday weekends, offsetting concerns about rising inventories and weak global demand. As a result, Brent crude climbed by 1.4% to $68.69 a barrel on Friday, while WTI futures added 1.2% to settle at $58.63 a barrel.
read more... 27/05/2019
Daily (11.04.2019): The EU carbon prices hit a new 11-year high on Wednesday on Brexit delay optimism
Crude oil prices increased on Wednesday, after EIA report showed that U.S. gasoline stocks plunged more than expected last week, offsetting the surging crude inventories. OPEC’s oil production at four-year low in March coupled with U.S. sanctions on Iran and Venezuela lent more support to prices. Brent crude price rose by 1.6% to $71.73 a barrel, while WTI futures traded 1% up at $64.61 a barrel.
read more... 11/04/2019
Daily (01.04.2019): British spot gas price declined by 4.9% on Friday, before the start of the summer season
Crude oil prices added gains on Friday, as the OPEC-led supply cuts and U.S. sanctions on Iran and Venezuela offset concerns over the global economic slowdown. Brent oil rose by 0.8% to $68.39 a barrel, while WTI futures soared by 1.4% to $60.14 a barrel.
read more... 01/04/2019
Daily (27.03.2019): European power prices surged by over 2% due to a bullish energy complex
Tuesday saw a steep rise in oil prices on Tuesday, on the back of OPEC-led output cuts and expectations for a decline in U.S. inventories ahead of weekly API data, which offset worries about a global economic slowdown. Moreover, the second power cut in Venezuela this month also boosted prices. WTI futures traded 1.9 % up at $59.94 a barrel, while Brent crude added 1.1% to close at $67.97 a barrel.
read more... 27/03/2019
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