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Daily (30.04.2020) Brent crude soared by 10% due to a drop in U.S oil and gasoline stocks
Crude futures soared on Wednesday, stimulated by a fall in U.S crude stocks and gasoline inventories. As a result, Brent crude jumped by 10.1% to $22.54 a barrel. WTI futures ended 22% higher at $15.06 a barrel.
read more... 30/04/2020
Daily (02.04.2019): British gas prices near 2009 lows on Wednesday, due to weak demand
Crude oil prices were bearish on Wednesday, weighed by a steep rise in U.S. crude inventories last week, the biggest weekly rise since 2016, while gasoline demand continued to decline. Consequently, Brent crude for June delivery traded 6.1% lower at $24.74 a barrel. Similarly, WTI futures slid by 0.8% to $20.30 a barrel.
read more... 02/04/2020
Daily (12.12.2019): Brent crude down 1% on Wednesday following an unexpected increase in crude inventories
Oil futures ended lower on Wednesday after U.S. government data indicated a surprise increase in domestic supply in crude oil, as well as important gains in gasoline and distillate inventories. Brent crude for February delivery slipped by 62 cents, or around 1% to settle at $63.72 a barrel. WTI crude for January delivery declined 48 cents, or 0.8%, to close at $58.76 a barrel.
read more... 12/12/2019
Daily (29.11.2019): French spot power price up 18% on Thursday on less nuclear availability and stronger demand
Crude oil prices diverged on Thursday, with WTI edging higher on intensified tensions between the US and China after President Donald Trump signed a bill backing protesters in Hong Kong. Despite a higher-than-expected rise in crude and gasoline inventories and a record peak in US production, WTI rose by 0.2% to settle at $58.25 a barrel. However, its European equivalent, Brent crude ended 0.3% down at $63.87 a barrel, extending losses hit in the previous session.
read more... 29/11/2019
Daily (28.11.2019): EUAs jumped by almost 3% on greater climate ambitions promised by the European Commission
Oil prices slipped on Wednesday as reports showed an unexpected increase in U.S. inventories, and record high gasoline production. Consequently, Brent crude closed the session at $64.06 a barrel, down 21 cents or 0.3% day on day. The WTI contract lost 3 cents, or 0.5%, to $58.11 per barrel.
read more... 28/11/2019