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Daily (04.05.2020): First weekly gain in a month for Brent crude, as OPEC alliance started to cut more production

Crude futures added ground on Friday, after OPEC and its allies started to reduce more production to tackle the supply excess caused by the coronavirus pandemic. Consequently, Brent crude traded 4.6% higher at $26.44 a barrel. Similarly, WTI futures climbed by 5% to $19.78 a barrel

read more... 04/05/2020

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Daily (24.04.2020): NBP spot at 12 p/therm on Thursday due to robust flows and weak demand

Crude oil futures gained ground for the second consecutive session on Thursday, with the U.S. WTI crude surging by about 20% as escalating tensions between Iran and the United States offset the deteriorating demand due to the coronavirus pandemic and the supply glut.

read more... 24/04/2020

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Daily (23.04.2020) WTI futures soared by over 19% on Wednesday, due to potential deeper supply cuts by OPEC

Crude futures recovered from a more-than 20-year low on Wednesday, on potential new oil talks between OPEC producers to deepen supply cuts to support the market. Consequently, Brent crude jumped by 5.4% to $20.37 a barrel. Similarly, WTI futures traded 19.1% higher at $13.78 a barrel.

read more... 23/04/2020

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Oil rout continues as Brent falls to lowest since 1999

International oil prices plunged to the lowest level in more than two decades early on Wednesday amid a continued sell-off on fears of oversupply and the economic impact from the coronavirus pandemic.

read more... 22/04/2020

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Daily (22.04.2020): Brent crude plummeted by 24% on Tuesday, the largest drop since 1991

Crude oil futures prolonged their collapse on Tuesday, as the global coronavirus crisis continues to severely reduce demand for crude, intensifying the supply glut.

read more... 22/04/2020

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