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Daily (24.04.2020): NBP spot at 12 p/therm on Thursday due to robust flows and weak demand
Crude oil futures gained ground for the second consecutive session on Thursday, with the U.S. WTI crude surging by about 20% as escalating tensions between Iran and the United States offset the deteriorating demand due to the coronavirus pandemic and the supply glut.
read more... 24/04/2020
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Daily (23.04.2020) WTI futures soared by over 19% on Wednesday, due to potential deeper supply cuts by OPEC
Crude futures recovered from a more-than 20-year low on Wednesday, on potential new oil talks between OPEC producers to deepen supply cuts to support the market. Consequently, Brent crude jumped by 5.4% to $20.37 a barrel. Similarly, WTI futures traded 19.1% higher at $13.78 a barrel.
read more... 23/04/2020
Daily (21.04.2020): Black Monday for WTI crude as it plunged into a negative territory for the first time in history
Crude oil prices plummeted on Monday, with WTI crude tumbling below $0 for the first time in history, a fall amplified by the imminent expiration of the May U.S. oil futures contract which prompted investors to get rid of it at any cost.
read more... 21/04/2020
Daily (20.04.2020): The British spot gas price plunged by 7% to 13.25 p/therm on Friday due to a weak demand and an oversupplied system
Crude oil futures evolved differently on Friday, with U.S. WTI crude at 18-year lows as bearish Chinese economic figures and growing U.S. supplies overshadowed Trump’s plan to ease lockdown measures.
read more... 20/04/2020
Daily (17.04.2020): EUAs expiring in 2021 soared by 8.5% on Thursday due to nuclear concerns in France
Crude oil futures ended on a mixed note on Thursday, with Brent recording minor gains as some European countries decided to loosen up coronavirus restrictions. Hence, Brent crude rose by 13 cents, or 0.5%, to settle at $27.82 a barrel. U.S. WTI crude was unchanged at $19.87 a barrel, marking the second straight day at its lowest level since February 2002.
read more... 17/04/2020