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Daily (24.10.2018): Oil crude prices fell by over 4% on Tuesday, as OPEC’s main producer pledged to meet demand
Oil prices slumped on Tuesday, following Saudi Arabia promises to supply the market, as the U.S. sanctions over the Iranian exports will be implemented in less than 2 weeks. Brent crude price tumbled by 4.3% to $76.44 a barrel. Meanwhile, price for WTI crude decreased by 4.2% to $66.43 a barrel.
read more... 24/10/2018
Daily (23.10.2018): British gas contracts were bearish on Monday, due to an oversupplied system
On Monday, oil prices edged slightly higher, following a small reduction in supplies as sanctions against Iranian exports will be soon applied and as Saudi minister Khalid al-Falih suggested that tensions with the U.S. would not affect the market. Brent crude price was 0.1% up at $79.83 a barrel. Meanwhile, WTI crude futures increased by 0.4% to $69.36 a barrel.
read more... 23/10/2018
Daily (17.10.2018): UK gas prices dropped on Tuesday due to an oversupplied market
Global oil prices were slightly up on Tuesday, as forecasts for U.S. supply growth were offset by concerns over the Middle East crude supply due to geopolitical tensions, and the approaching U.S. sanctions on Iranian exports. U.S. West Texas Intermediate futures edged 0.2% higher on Tuesday, to trade at $71.92 a barrel. Meanwhile, Brent crude oil futures rose by 0.8% to end at $81.41 a barrel.
read more... 17/10/2018
Daily (10.10.2018): German day-ahead power price declined by more than 13% on Tuesday due to high wind output
Global oil prices rose slightly on Tuesday, on signs of falling crude Iranian exports, before the imposition of a new round of U.S. sanctions. Furthermore, a partial shutdown in production in the Gulf of Mexico, ahead of Hurricane Michael heading towards eastern states sustained the upward trend in prices. WTI crude oil price, the U.S. benchmark contract, gained 67 cents on Tuesday, representing a 0.9% increase, and traded at $74.96 a barrel. Meanwhile, the international benchmark Brent crude oil futures rose by 1.3% to trade at $85.00 a barrel.
read more... 10/10/2018
Daily (09.10.2018): UK gas prices tumbled on Monday, on warmer weather and reduced gas-for-power demand due to higher wind generation
Global oil prices edged slightly down on Monday, following Washington’s declaration that it could grant waivers to sanctions against Iran's oil exports in November, and as Saudi Arabia is likely to partly substitute shortfalls from Iran. Brent crude was 0.3% down at $83.91 a barrel, but losses were limited by a hurricane moving across the Gulf of Mexico and forecasts for a further decline in Iranian exports. U.S. West Texas Intermediate futures slipped by only 0.1% on Monday, to trade at $75.29 a barrel. Meanwhile, Brent crude oil futures ended 0.3% down at $83.91 a barrel.
read more... 09/10/2018