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Daily (29.11.2019): French spot power price up 18% on Thursday on less nuclear availability and stronger demand
Crude oil prices diverged on Thursday, with WTI edging higher on intensified tensions between the US and China after President Donald Trump signed a bill backing protesters in Hong Kong. Despite a higher-than-expected rise in crude and gasoline inventories and a record peak in US production, WTI rose by 0.2% to settle at $58.25 a barrel. However, its European equivalent, Brent crude ended 0.3% down at $63.87 a barrel, extending losses hit in the previous session.
read more... 29/11/2019
Daily (28.11.2019): EUAs jumped by almost 3% on greater climate ambitions promised by the European Commission
Oil prices slipped on Wednesday as reports showed an unexpected increase in U.S. inventories, and record high gasoline production. Consequently, Brent crude closed the session at $64.06 a barrel, down 21 cents or 0.3% day on day. The WTI contract lost 3 cents, or 0.5%, to $58.11 per barrel.
read more... 28/11/2019
Daily (26.11.2019): WTI crude price recovered by 0.4% on Monday, on hopes for a U.S.-China trade deal
Oil prices climbed on Monday, spurred by optimistic trade talks between the U.S. and China. The expectations that a deal could be soon inked between the world’s two largest economies might increase attractiveness for global oil crude demand. Hence, Brent crude rose by 26 cents, or 0.4% at $63.65 a barrel. WTI crude surged by 24 cents, or 0.4% to settle at $58.01.
read more... 26/11/2019
Daily (25.11.2019): German spot power price down about 30% on Friday on lower consumption expectations
Crude oil prices retreated from two-month highs on Friday, dragged down by uncertainty over U.S.-China trade talks, shading expectations for an extension to production reductions by OPEC and its allies. Brent crude for January delivery lost 58 cents or 0.9% to settle at $63.39 per barrel, posting a slight gain for the week. The WTI crude fell by 1.4% to close at $57.77 per barrel.
read more... 25/11/2019
Daily (22.11.2019): WTI crude hit a 2-month high on Thursday, on potential extension of OPEC+ crude cuts and optimism around China-U.S trade talks
Crude oil prices traded higher on Thursday reaching their highest level in two months, as OPEC and its allies will most probably extend oil supply cuts until June. The news about China’s intention to invite U.S. to a second round of trade negotiations also supported the bullish trend. Hence, Brent crude rose by 2.5% to $63.97 a barrel. WTI futures climbed 2.8% to $58.58 a barrel.
read more... 22/11/2019