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Daily (30.09.2019): European spot power prices seen in a sharp fall on Friday due to strong supply
Crude oil prices lost ground on Friday, after media reported about a potential reduction of the U.S. investment portfolio into China, raising prospects of an aggravation of the U.S.-China trade tensions. Further pressure came from a contraction in the profits earned by Chinese industrial companies in August. In addition, Saudi Arabia’s strong efforts to bring its oil output back on track sooner than expected continued to weigh on prices. Brent crude fell by 1.3% to $61.91 a barrel, while WTI futures inched down by 0.9% at $55.91 a barrel.
read more... 30/09/2019
Daily (27.09.2019): European carbon prices jumped by 1.7% on Thursday amidst bullish technical signs
Crude oil prices were mixed on Thursday. Brent crude inched up by 0.6% to $62.74 a barrel, following Donald Trump’s affirmation that a deal between China and U.S. could happen sooner than expected. Meanwhile, sluggish economic data in major European economies and Japan, as well as a faster-than-anticipated recovery of Saudi output after the recent attacks sent WTI futures 0.1% down at $56.41 a barrel on Thursday.
read more... 27/09/2019
Daily (26.09.2019): NBP spot tumbled by 6.7% on Wednesday weighed by robust LNG send-outs
Oil prices extended losses on Wednesday, after an unexpected rise in U.S. crude stockpiles and a faster-than-awaited recovery of Saudi Arabia’s oil production. A rally in the dollar index, which moves inversely with oil, also put pressure on crude futures. As a result, WTI futures dropped by 1.4% to 56.49 USD/bbl, while Brent crude ended 1.1% lower at 62.39 USD/bbl.
read more... 26/09/2019
Daily (25.09.2019): Crude oil prices fell over 2.3% on Tuesday, due to pessimistic China-U.S. negotiations and weaker global demand
Oil prices fell on Tuesday to their lowest levels since September 14, after U.S. president Donald Trump accused China of unfair trade practices. The decline in stock markets and lower manufacturing activity in Europe also weighed on prices. Hence, Brent crude decreased by 2.6% to close at $63.10 a barrel, while WTI futures lost 2.3% to end at $57.29 a barrel.
read more... 25/09/2019
Daily (24.09.2019): European day-ahead power prices soared by almost 40% due to weaker renewables output and colder weather
Oil prices stabilized on Monday, after gaining 7% last week, following the declaration of Saudi Arabia to restore full output by next week. Brent crude rose by 0.8% to close at $64.77 a barrel, while WTI futures surged by 1% to end at $58.64 a barrel.
read more... 24/09/2019