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Daily (09.11.2020): NBP spot price dropped by 5% on Friday, pressured by milder weather outlook and stronger wind generation
Oil prices continued to decline on Friday, pressured by the rising number of coronavirus cases and diminishing demand. Consequently, Brent crude for January delivery slumped by 3.6% to close at $39.45 a barrel, while WTI oil slumped by 4.3% to $37.14 a barrel.
read more... 09/11/2020
Daily (06.11.2020): European Cal’21 power contracts rose to 10-day highs on Thursday amid stronger carbon
Oil prices declined modestly on Thursday amid persisting concerns about the impact of the new COVID-19 restrictions over global demand and uncertain outcome of the U.S. presidential election. Hence, Brent crude lost 30 cents, or 0.7%, to settle at $40.93 a barrel. Meanwhile, U.S. WTI crude declined by 36 cents, or 0.9%, to end at $38.79 per barrel.
read more... 06/11/2020
Daily (05.11.2020): A 4% increase in crude oil prices on Wednesday caused by a drop in US oil inventories
Crude prices rose on Wednesday, supported by the weekly report on oil reserves in the United States, which showed a decline in oil inventories. Consequently, Brent crude for January delivery traded 3.8% higher at $41.23 a barrel, while WTI crude jumped by 4% to close at $39.15 a barrel.
read more... 05/11/2020
Daily (04.11.2020): Oil prices hit their highest level in a week on Tuesday amid hopes OPEC will curb production
Oil prices continued to climb on Tuesday, hitting their highest levels in a week amid hopes for a new stimulus package following the US elections and that the supply of black gold will be restrained due to the intervention of the main producing countries. Hence, Brent crude for January delivery soared by 74 cents, or 1.9%, to close at $39.71 per barrel. Meanwhile, U.S. WTI crude for December delivery increased by 85 cents, or 2.3%, to settle at $37.66 per barrel.
read more... 04/11/2020
Daily (03.11.2020): Oil prices rebounded sharply on Monday as Russian producers may support OPEC extension of output cuts
Crude oil futures rebounded sharply on Monday after Russian oil producers declared that they may be willing to extend the OPEC+ oil output cut accord if current unsupportive market conditions persist. Hence, Brent crude surged by $1.51 or 4%, to close at $38.97 per barrel, while US benchmark WTI crude soared by $1.02 or 2.9% to settle at $36.81 a barrel.
read more... 03/11/2020