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Daily (11.09.2019): A strong rise in European gas and power prices on Tuesday following several bullish news

The abrupt firing of the combative U.S. national security advisor John Bolton raised a softer oil supply outlook, leading to a decline in oil prices on Tuesday. The news spurred speculations that U.S. might head for a potential de-escalation in tensions with Iran and an improved trade with Venezuela. However, gains were capped by earlier assurances of continued output cuts from OPEC and its allies. Consequently, WTI futures fell by 0.8% to 57.40 USD/bbl, while Brent crude edged down by 0.3% to 62.38 USD/bbl.

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Daily (10.09.2019): NBP spot spiked by 6% on Monday, boosted by higher demand and firmer oil prices

Oil prices extended gains on Monday, after the new Saudi energy minister assured that his country will keep limiting oil production in order to help the oil market reach a better balance. As a result, WTI futures hiked by 2.4% to 57.85 USD/bbl, while Brent crude ended 1.7% higher at 62.59 USD/bbl.

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Daily (09.09.2019): The German spot power price spiked by 11% on Friday on forecasts for lower wind and solar power generation

Oil prices rose on Friday following the declaration of the head of the U.S. Federal Reserve that the central bank will act properly to sustain an economic growth in the world’s biggest economy. Brent crude gained 1% to close at $61.54 a barrel. WTI futures added 0.4% to end at $56.52 a barrel.

read more... 09/09/2019

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Daily (06.09.2019): NBP spot soared by 7.7% on Thursday, on expectations for higher demand

Crude oil prices remained bullish on Thursday following a larger-than-expected fall in the U.S. crude stockpiles reported for last week. Meanwhile, slowing global economic growth and weaker hopes for an upcoming trade agreement between China and the U.S. tempered the rise. Brent crude advanced by 0.4% to $60.95 a barrel, while WTI futures edged 0.1% higher at $56.30 a barrel.

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Daily (05.09.2019): Oil prices jumped by over 4%amid upbeat economic data from China and forecasts for weaker US inventories

Oil prices hiked on Wednesday as optimistic economic data from China brought purchasers back to the equities market. Moreover, expectations for a drop in US crude inventories for the third consecutive week also lent support to prices. Brent crude added 4.2% to close at $60.70 a barrel. WTI futures surged by 4.3% to end at $56.26 a barrel.

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