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Daily (15.10.2020): Crude oil prices rose by 2% on Wednesday driven by a weaker US dollar
Crude oil saw a second session of rising prices supported by a slight decline in the US dollar. Both Brent and WTI crude climbed by 2.1% to trade at $43.32 and $41.04 a barrel respectively.
read more... 15/10/2020
Daily (14.10.2020): Oil jumps by 2% on Tuesday, amid upbeat oil trade data from China offsetting returning supply
Crude oil prices rose on Tuesday, supported by upbeat oil trade data from China. However, forecasts for a slow recovery in global oil demand as coronavirus cases rise, and returning supply, limited gains. Consequently, Brent crude climbed by 1.8% to $42.45 a barrel. WTI futures added 2% to close at $40.20 a barrel
read more... 14/10/2020
Daily (13.10.2020): Oil prices fell by about 3% on Monday, with WTI back below the psychological $40 level amid easing supply disruptions
Oil prices fell by about 3% on Monday due to easing supply disruptions easing in the U.S. and Libya, while the end of a workers’ strike in Norway is returning more output to a market struggling with an anemic demand. As a result, Brent crude for December delivery fell by $1.13, or 2.6%, to settle at $41.72 a barrel. Meanwhile, U.S. WTI crude for November delivery shed by 2.9%, or $1.17, to end at $39.43 a barrel.
read more... 13/10/2020
Daily (12.10.2020): European carbon prices fell to a seven-week low on Friday following heavy auction supply and Covid worries
The end of one of the oil workers’ strike in Norway led to a ramp up in crude output on Friday, thereby weighing on oil prices. Hence, Brent crude decreased by 1.1% to $42.85 a barrel. Similarly, WTI futures lost 1.8% to trade at $39.95 a barrel.
read more... 12/10/2020
Daily (09.10.2020): NBP gas for month-ahead delivery hit an almost 10-month peak on Thursday tracking higher oil and LNG prices
Crude oil futures hit their highest level in more than a month on Thursday as Hurricane Delta forces paralyzed nearly 92% of crude output in the Gulf of Mexico, while Saudi Arabia envisages postponing OPEC plans to boost output. The prospect of more production outages in the North Sea due to a workers’ strike added further support to oil markets. Hence, Brent crude for December delivery jumped by $1.35, or 3.2% to settle at $43.34 a barrel. Meanwhile, U.S. WTI crude surged by $1.24 cents, or 3.1%, to end at $41.19 a barrel.
read more... 09/10/2020