Latest news
Daily (07.10.2019): EU carbon prices hit a new 6-month low on Friday due to bearish fundamentals
Crude oil prices firmed on Friday following a 1% decline in U.S. unemployment rate that reached a near 50-year low of 3.5%. Hence, Brent crude rose by 1.1% to $58.37 a barrel, while WTI futures added 0.7% to settle at $52.81 a barrel.
read more... 07/10/2019
Daily (04.10.2019): The EUAs hit a six-month low on Thursday, pressured by mounting recession concerns
Crude oil prices slightly diverged on Thursday. WTI futures edged down by 0.4% to $52.45 a barrel, amid mounting crude demand worries, after pessimistic services sector and job growth figures in the U.S. added to the bearish macroeconomic tone set by earlier weak manufacturing readings. A stall in the Euro zone business growth reported for September also kept market under pressure. However, losses were capped by data showing lower U.S. oil output in July. Meanwhile, Brent crude was a shade higher at $57.71 a barrel, on hopes that a positive development might occur in the U.S.-China trade talks when these will resume on October 10.
read more... 04/10/2019
Daily (03.10.2019): UK gas futures posted important losses on Wednesday amid strong pipeline and LNG supplies
Crude oil prices extended losses on Wednesday, after data showed a build in the U.S. crude inventories. Furthermore, pessimistic economic data in the U.S. dragged down the equities market, weighing on the global oil demand. Fading geopolitical tensions in the Middle East stoked oversupply fears, adding to the market bearishness. Against that background, Brent crude dropped by 2% to $57.69 a barrel, while WTI futures settled 1.8% lower at $52.64 a barrel.
read more... 03/10/2019
Daily (02.10.2019): Brent crude dipped by over 3% on Tuesday, on fears of weakening crude demand
Crude oil prices continued their downward evolution on Tuesday, following the news that U.S. factory data dropped to an over 10-year low in September due to fewer exports in the context of the U.S.-China trade tensions. A subsequent fall in equities market put more pressure on prices. Pessimistic manufacturing and inflation data in the Euro zone also weighed on the market. On the supply side, the declines in oil output from OPEC, Russia and the U.S. could prevent further losses. Brent crude tumbled by 3.1% to $58.89 a barrel. WTI futures traded 0.8% lower at $53.62 a barrel.
read more... 02/10/2019
Daily (01.10.2019): NBP spot tumbled by nearly 15% on Monday amid higher Norwegian flows
Crude oil prices continued to decline on Monday, amid receding worries over tighter supply and tensions in the Middle East after the last month’s attacks on Saudi’s oil sites. Uncertainty over U.S.-China trade negotiations added pressure on prices. Against that backdrop, Brent crude fell by 1.8% to $60.78 a barrel, posting the biggest 8.7% loss since the fourth quarter 2018. WTI futures dipped by 3.3% on a daily basis to end at $54.07 a barrel, plunging by 7.5% for the quarter.
read more... 01/10/2019