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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


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.

read more... 06/09/2019


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.

read more... 05/09/2019


Daily (04.09.2019): NBP spot fell by nearly 4% on Tuesday, weighed by low demand

Crude oil prices extended losses on Tuesday, as weaker manufacturing data in the U.S. and the eurozone reported for August worsened the crude demand outlook. Brent crude traded 0.7% down at $58.26 a barrel, while WTI futures dipped by 1.6% to $53.94 a barrel amid dragging U.S.-China trade talks.  

read more... 04/09/2019


Daily (03.09.2019): EU carbon prices sank by over 4% on Monday, amid growing Brexit turmoil

Crude oil prices remained bearish on Monday, as the recent import tariffs resulting from the latest trade war escalation between the U.S. and China have started to apply, raising concerns over a tighter demand outlook. The impact of Hurricane Dorian near the Florida coast also posed a threat for the crude demand. Further downward pressure came from higher oil production by OPEC members in August, for the first month this year. As a result, Brent crude dropped by 2.9% to $58.66 a barrel, while WTI futures lost 0.5% to settle at $54.84 a barrel.  

read more... 03/09/2019