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Daily (07.11.2019): EUAs fell by around 2.8% on Wednesday due to strong auction supply and concerns over a slowing economic growth in the EU
Crude oil prices retreated on Wednesday, weighed by a higher-than-predicted rise in the U.S. crude inventories. Reports showing a sluggish growth in Germany’s services sector and Eurozone business activity close to stagnation put more pressure on the market. As a result, Brent crude traded 1.9% lower at $61.74 a barrel, while WTI futures sank by 1.5% to $56.35 a barrel.
read more... 07/11/2019
Daily (06.11.2019): NBP spot climbed by 9% on Tuesday amid strong demand
Optimism over a nearing U.S.-China trade agreement and a potential suspension of some U.S. tariffs on Chinese imports pushed crude oil prices higher on Tuesday. Hence, Brent crude rose by 1.3% to $62.96 a barrel. In the meantime, WTI futures ended 1.2% up at $57.23 a barrel.
read more... 06/11/2019
Daily (05.11.2019): European spot power prices recovered by over 50% on Monday due to rising demand after a bank holiday
Crude oil prices continued their bullish trend on Monday, as the upbeat U.S. job growth data and market optimism over a potential preliminary trade deal between the U.S. and China this month improved the global crude demand outlook. As a result, Brent crude was 0.7% higher at $62.13 a barrel, while WTI futures moved 0.6% up to $56.54 a barrel.
read more... 05/11/2019
Daily (04.11.2019): NBP spot surged by 25.5% on Friday due to lower Norwegian flows and an expected spike in heating demand
Crude oil prices posted robust gains on Friday, stimulated by higher-than-expected U.S. employment data in October and optimism that Chinese factory activity expanded at the fastest rate since 2017. On trade talks side, the U.S. and China are moving closer towards a Phase One trade deal, which might be signed this month. That bullish background sent WTI futures 3.7% up at $56.20 a barrel, while Brent crude hiked by 2.4% to $61.69 a barrel.
read more... 04/11/2019
Daily (01.11.2019): EUAs sank by 1.5% on Thursday, due to weak auction activity
Crude oil prices declined on Thursday, amidst data showing weak factory activity in China that weighed on global demand. As a result, Brent crude traded 0.6% down at $60.23 a barrel. At the same time, a leak on a key U.S. pipeline disrupted supply flows, pushing WTI futures down by 1.6% to $54.18 a barrel.
read more... 01/11/2019