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Daily (02.09.2019): WTI crude fell 2.8% ahead of a hurricane near the Florida coast
An approaching hurricane near the Florida coast that could reduce demand weighed on oil prices. The bearish movement was amplified by easing U.S.-China trade disputes. Brent crude dropped by 1.1% to close at $60.43 a barrel. WTI futures lost 2.8% to settle at $55.10 a barrel.
read more... 02/09/2019
Daily (30.08.2019): WTI futures jumped by 1.7% on Thursday after two new pipelines opened in the Permian Basin
Crude oil prices rose on Thursday, backed by a deep decline in U.S. crude inventories. The opening of two new pipelines in the Permian Basin also added to demand at WTI delivery hub. At the same time, the approach of Hurricane Dorian toward Florida supported prices raising fears that U.S. crude producers may slow output. As a result, Brent crude hiked by 1% to $61.08, while WTI futures climbed by 1.7% to $56.71 a barrel.
read more... 30/08/2019
Daily (29.08.2019): NBP gas prices surged on Wednesday amid a bullish energy complex
Oil prices rose on Wednesday after data showing a strong decline in U.S. stockpiles softened worries about lower oil demand caused by the trade war between the U.S and China. Brent crude added 1.7% to close at $60.49 a barrel. WTI futures gained 1.6% to settle at $55.78 a barrel.
read more... 29/08/2019
Daily (28.08.2019): Brent crude surged by 1.4% on Tuesday on forecasts for a decline in U.S. crude inventories
Oil prices surged on Tuesday lifted by expectations for a drop in U.S. crude inventories. However, the bullish mood was limited by fears concerning a recession and uncertainty over a China-U.S. trade deal. Brent crude gained 1.4% to end at $59.51 a barrel. WTI futures rose 2.4% to $54.93 a barrel.
read more... 28/08/2019
Daily (27.08.2019): French spot power price hiked by more than 45% on higher demand predictions
Oil prices fell on Monday after France’s president rose hopes for an deal between the United States and Iran on nuclear standoff. Brent crude dropped by 1.1% to end at $58.70 a barrel. WTI crude lost 1% to close at $53.64 a barrel.
read more... 27/08/2019