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Daily (25.10.2019): Carbon prices surged by around 2.8% on Thursday amid a firmer energy complex ahead of the key Brexit vote

Crude oil prices continued to rise on Thursday after a surprise fall in the U.S. crude stockpiles last week. Hopes for deeper supply cuts from OPEC also supported prices. However, persistent crude demand worries reduced gains. Consequently, Brent crude traded 0.8% higher at 61.67 USD/bbl. At the same time, WTI futures edged up by 0.5% at 56.23 USD/bbl.

read more... 25/10/2019

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Daily (24.10.2019): EU carbon prices plunged by 3.5% on Wednesday, amidst Brexit concerns and a bearish energy market

Crude oil prices extended gains on Wednesday, following a drop in U.S. crude inventories and due to OPEC’s intention to deepen supply cuts. However, slowing global demand might limit the rise. Hence, Brent crude surged by 2.5% to 61.17 a barrel, while WTI futures climbed by 2.7% to end at $55.97 a barrel.

read more... 24/10/2019

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Daily (23.10.2019): WTI crude jumped by 2.2% on Tuesday, due to progress in China-U.S. trade talks

Crude oil prices rose on Tuesday, after Washington and Beijing have made progress in trade negotiations, according to China’s Vice Foreign Minister Le Yucheng. Hence, Brent crude closed 1.3% higher at $59.70 a barrel, while WTI futures jumped by 2.2% to $54.48 a barrel.

read more... 23/10/2019

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Daily (22.10.2019): NBP spot turned bearish to plunge by 17.8% on Monday, on rising flows via the Langeled pipeline

Crude oil prices traded lower on Monday, as the U.S. commerce secretary said that an initial China-U.S. trade deal does not need to be finalized next month, stoking concerns over global economic growth. Reports showing that Russia oil output surpassed OPEC+ quota also weighed on prices. However, slighlty higher European shares due to a potential optimistic Brexit deal limited losses. Hence, WTI futures fell by 0.9% to $53.31 a barrel, while Brent crude edged 0.8% down at $58.96 a barrel.

read more... 22/10/2019

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Daily (21.10.2019): NBP spot jumped by 5.8% on Friday, due to unscheduled outages at the Forties oil and gas pipeline

Oil prices edged lower on Friday following data indicating that the Chinese economy registered the slowest growth in nearly three decades. Ongoing trade negotiations between China and U.S. and the rising amount in crude stockpiles also put pressure on prices. Hence, Brent crude dropped by 0.8% to end at $59.42 a barrel, while WTI futures lost 0.3% to settle at $53.78 a barrel.

read more... 21/10/2019

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