Latest news
Daily (16.11.2020): NBP spot increased by 3% on Friday due to continued outage at a Norwegian gas field
Oil prices were bearish on Friday, as reports showed a decrease in global demand for black gold. Consequently, Brent crude ended at $42.78 a barrel, or 1.7% down from Thursday’s close, while WTI oil dropped by 2.4% to $40.13 a barrel.
read more... 16/11/2020
Daily (13.11.2020): Energy markets bearish again on Thursday on pandemic concerns
Oil prices fell on Thursday, on continued concerns over global demand. Consequently, Brent crude edged 0.6% lower at $43.53 a barrel, while WTI oil settled 0.8%, or 13 cents, down at $41.12 a barrel.
read more... 13/11/2020
Daily (12.11.2020): Carbon prices hold above the €26 mark amid strong technical selling and profit-taking
Crude prices edged higher on Wednesday, as hopes for a Covid-19 vaccine outweighed OPEC’s announcement to revise down its global oil demand outlook for 2020 and 2021. Hence, Brent oil ended 0.4% higher at $43.80 a barrel, while WTI crude saw a marginal increase of 0.2%, closing at $41.45 a barrel.
read more... 12/11/2020
Daily (11.11.2020): European Cal’21 power prices reversed gains on Tuesday as vaccine euphoria vanished
Crude oil prices continued to add ground on Tuesday amid optimism generated by a vaccine against COVID-19 and a possible intervention of OPEC + alliance. Moreover, bigger than expected weekly U.S. oil storage draws helped WTI to extend gains. Hence, Brent crude soared by $1.21, or 2.9%, to settle at $43.61 a barrel. Meanwhile, U.S. WTI crude increased by 1.07, or 2.7%, to end at $41.36 a barrel.
read more... 11/11/2020
Daily (10.11.2020): Oil prices spiked by about 8% on Monday amid Covid-19 vaccine breakthrough
Oil prices spiked on Monday after US drug firm Pfizer and Germany’s BioNTech unveiled a Covid-19 vaccine that has been found to be more than 90% effective, igniting hopes of improving black gold demand. Hence, Brent crude rallied by $2.95, or 7.5%, to settle at $42.40 a barrel. Meanwhile, U.S. WTI crude surged by $3.15, or 8.5%, to end at $40.29 a barrel. Both contracts hit their biggest daily gain in more five months.
read more... 10/11/2020