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Daily (01.10.2020): UK forward gas prices fell by over 2% on Wednesday, amid rising Norwegian flows and weaker oil prices
Crude oil prices were almost flat on Wednesday on US financial stimulus hopes, and as global fuel demand concerns are still present amidst the coronavirus pandemics. As a result, the price for Brent crude decreased by 0.2% to $40.95 a barrel. Meanwhile, WTI futures added 2.4% closing at $40.22 due to an expected drop in US crude inventories.
read more... 01/10/2020
Daily (30.09.2020): Oil prices dropped over 3% on Tuesday amid lingering demand concerns
Crude oil futures retreated on Tuesday, sending global benchmark crude prices to their lowest settlement in two weeks amid gloomy outlook for fuel demand as the world is grappling with a new wave of coronavirus infections. Hence, Brent crude for November delivery shed by $1.40, or 3.3%, to settle at $41.03 a barrel. At the same time, U.S. WTI crude fell by $1.31, or 3.2%, to end at $39.29 per barrel.
read more... 30/09/2020
Daily (29.09.2020): British front-month gas prices rallied close to their highest levels this year on colder weather outlook
Crude oil futures rallied to their highest levels since Sept.18 on Monday alongside stronger equities, spurred by expectations for a coronavirus relief-aid package in the United States and stronger demand growth in China. However, concerns about fuel demand due to rising coronavirus cases limited gains. Hence, Brent crude rose by 51 cents, or 1.2%, to end the session at $42.43 a barrel. Meanwhile, U.S. WTI crude gained 35 cents, or 0.9%, to settle at $40.60 a barrel.
read more... 29/09/2020
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Daily (25.09.2020): German power spot hiked by over 8% on Thursday due to weaker wind generation
Crude oil futures finished slightly higher on Thursday, buoyed by tighter U.S. crude supplies, while the alarming comeback of the pandemic in Europe restrained gains. Hence, Brent crude edged 0.4% higher, to settle at $41.94 a barrel. Meanwhile, U.S. WTI crude rose by 1%, to end at $40.31 a barrel.
read more... 25/09/2020
Daily (24.09.2020): European carbon prices lost 5% on Wednesday, as quarterly EUA options expired leading to an oversupply
Oil prices rose slightly on Wednesday amid a drop in US crude and fuel stocks. Still, a rise in the numbers of Covid-19 cases globally limited gains. As a result, Brent crude rose by 4.2% to settle at $42.22 a barrel. Meanwhile, WTI futures hiked by 4.9% at $40.16 a barrel.
read more... 24/09/2020