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Daily (19.12.2019): French spot power plunges 33% on Wednesday on high wind, nuclear generation
Crude oil futures were rather flat on Wednesday after moving upward four trading days in a row. Brent crude edged higher, paring earlier gains following the latest oil inventory figures from the American Petroleum Institute (API) and the U.S. Department of Energy (DOE). Brent crude for February delivery added 7 cents, or 0.1%, to end at $66.17 per barrel. WTI for January delivery slipped to $60.93 per barrel.
read more... 19/12/2019
Daily (17.12.2019): German spot power skyrockets 58% on stronger consumption outlook
Crude oil futures slightly increased on Monday after reaching a three-month high on Friday, as the traders have taken a wait-and-see attitude. The U.S. and China have reached phase one of their trade agreement after 18 months of political tension. Brent crude for February delivery rose by 12 cents, or 0.2%, to settle at $65.34 a barrel, while WTI crude for January delivery added 14 cents, or 0.2%, to close at $60.21 a barrel.
read more... 17/12/2019
Daily (16.12.2019): Crude oil surged by over 1.5% on Friday on U.S.-China trade hopes, UK election outcome
Crude oil prices settled higher on Friday, rallying to their highest level since around three-months on Friday, buoyed by progress on trade between the U.S.-China and the outcome of the general election in Britain. Brent crude for February delivery advanced $1.02, or 1.6% to settle at $65.22 on the London-based ICE Futures Europe Exchange. WTI crude for January delivery rose 89 cents or, 1.5% to stand at $60.07 a barrel on the New York Mercantile Exchange.
read more... 16/12/2019
Daily (13.12.2019): British forward gas prices jumped by around 5% on Thursday following Trump’s comments related to a deal with China
Oil futures settled higher on Thursday, buoyed by the news that the U.S. and China were close to ink a deal on the ongoing trade war. However, the oil’s increase was due to a combination of macro factors: China, OPEC cuts, easy U.S. monetary policy. Brent for February delivery rose 48 cents, or 0.8% to settle at $64.20 a barrel on ICE Futures Europe Exchange. WTI crude for January ended at $59.18 per barrel, reflecting a 0.7% gain.
read more... 13/12/2019
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