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Daily (13.11.2019): British spot gas price spiked by 6.5% on Tuesday on higher gas-for-power demand

Oil prices nudged down on Tuesday on no new details after Donald Trump’s speech about the China-U.S. trade negotiations Meanwhile, concerns regarding slower economic growth and weaker oil demand still kept prices under pressure. Brent crude fell by 0.2% to $62.06 a barrel, while WTI futures edged 0.1% lower at $56.80 a barrel.

read more... 13/11/2019

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Daily (12.11.2019): French spot power price surged by over 16% on forecasts for higher demand amid colder weather

Oil prices dropped on Monday due to a lack of direction in the U.S- China trade negotiations. Hence, Brent crude closed 0.5% lower at $62.18 a barrel, while WTI futures fell by 0.7% to $56.86 a barrel.

read more... 12/11/2019

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Daily (08.11.2019): NBP spot jumped by 5.5% on Thursday amid higher demand and weaker Norwegian pipeline supply

Crude oil prices firmed on Thursday, amid optimistic signs from China suggesting that the trade deal with the U.S. is moving closer to a much-awaited conclusion, raising hopes for a stronger crude demand. Under such circumstances, WTI futures spiked by 1.4% to $57.15 a barrel, while Brent crude inched up by 0.9% at $62.29 a barrel.

read more... 08/11/2019

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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

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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

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