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Daily (24.07.2019): EU carbon prices jumped to their 2006 peak on Tuesday, on supportive bullish signals and an expected heatwave
Crude oil prices added ground on Tuesday, after data showed a much larger-than-expected fall in the U.S. crude stocks. Meanwhile, weaker demand forecasts and the full restart of Libya’s largest oil field reduced gains. Against that backdrop, Brent crude traded 0.9% higher at $63.83 a barrel, while WTI futures closed 1% up, at $56.77 a barrel.
read more... 24/07/2019
Daily (23.07.2019): European spot power prices soared by over 32% on Monday, due to an expected heatwave in the region
Crude oil prices strengthened on Monday on concerns for possible supply disruptions in the Middle East after Iran captured a British tanker last Friday. As a result, Brent crude rose by 1.3% to $63.26 a barrel, while WTI futures added 1% to settle at $56.22 a barrel.
read more... 23/07/2019
Daily (22.07.2019): EU carbon prices jumped by almost 4% on Friday, ahead of an approaching heatwave and bullish technical signals
Oil prices increased on Friday, bolstered by the rising tensions in Iran, after U.S. Navy destroyed an Iranian drone in the Strait of Hormuz. As a result, Brent crude climbed by 0.9% to $62.47 a barrel, while WTI futures inched up by 0.6% to $55.63 a barrel.
read more... 22/07/2019
Daily (19.07.2019): NBP spot slumped by 4% on Thursday, due to increased supply and weak demand
Crude oil prices continued their downward evolution on Thursday, influenced by lower U.S. equities markets. Prices were also weighed by an expected rise in the U.S. offshore oil output, as platforms have been returning to service after the Hurricane Barry passed through the Gulf of Mexico last week. Brent crude sank by 2.7% to $61.93 a barrel, while WTI futures dipped by 2.6% to $55.30 a barrel.
read more... 19/07/2019
Daily (18.07.2019): French spot power price plunged by over 9% on Wednesday, amid stronger wind generation and falling consumption
Crude oil prices extended losses on Wednesday, following a higher-than-expected rise in the U.S. refined product inventories. At the same time, official data also showed that U.S. crude inventories fell more than anticipated. Against that background, Brent crude traded 1.1% lower at $63.66 a barrel, while WTI futures dropped by 1.5% $56.78 a barrel.
read more... 18/07/2019