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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.
read more... 10/09/2019
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