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Daily (09.04.2021): NBP spot rebounded on Thursday amid cold weather and weaker supply
Crude oil prices closed on a mixed note on Thursday, as demand concerns driven by the rise in COVID-19 cases around the world and bigger-than-expected weekly increase in U.S. gasoline stocks pressured the market. Hence, Brent crude settled at $63.20 a barrel, while WTI crude lost 0.3% to end at $59.60 a barrel.
read more... 09/04/2021
Daily (08.04.2021): Crude oil prices rose on Wednesday, following the EIA’s weekly report on US inventories
Oil prices rose on Wednesday following EIA’s report on a decline in crude stocks. Gains, however, were limited by increased gasoline inventories in the US. Hence, Brent oil edged 0.7% higher at $63.16 a barrel, while WTI crude gained 0.8% to close at $63.16 a barrel.
read more... 08/04/2021
Daily (12.03.2021): European power spot prices at their lowest level since December, driven by strong wind generation
Oil prices soared on Thursday, fuelled by upbeat forecasts for global economic growth published earlier in the week. Furthermore, a weaker dollar and a fall in U.S. gasoline inventories also lent support to the market. Brent crude gained 2.6 %, or $1.73 to settle at $69.63 a barrel. At the same time, the American WTI crude, rose by 2.5%, or $1.58 to end at $66.02 a barrel.
read more... 12/03/2021
Daily (04.03.2021): Growing volumes of LNG supply pushed British gas prices lower on Wednesday
Oil prices surged on Wednesday, supported by decreasing gasoline reserves in the United States and anticipation for the OPEC+ summit on Thursday. As such, Brent oil increased by 2.2% to $64.07 a barrel and WTI crude soared by 2.6% to $61.28 a barrel.
read more... 04/03/2021
Daily (22.10.2020): Oil prices fell sharply on Wednesday due to increased gasoline stocks in the US and weak demand
Oil prices retreated on Wednesday weighed by an increase in gasoline stocks in the US and weak demand because of the second wave of the Covid-19 pandemic. Furthermore, Libyan oil return to the market also put pressure on prices. Brent crude traded 3.3% lower at $41.73 a barrel, while WTI oil dropped by 4% to close at $40.03 a barrel.
read more... 22/10/2020