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Daily (29.05.2020): UK gas prices plunged to historical lows due to oversupply and weak demand
Crude oil futures turned higher on Thursday, shrugging off an unexpected rise in U.S. crude stockpiles as traders focused on falling gasoline stocks and a further decline in crude stored at the New York Mercantile Exchange’s delivery hub in Cushing, Oklahoma. Moreover, expectations for further oil outputs cuts by Russia starting from July added to the upbeat sentiment.
read more... 29/05/2020
Daily (25.05.2020): Oil futures settled lower on Friday amid U.S.-China turbulence, but posted a weekly gain
Crude oil futures lost ground on Friday amid worries about economic recovery in China and rising tensions between Beijing and Washington.
read more... 25/05/2020
Daily (22.05.2020): NBP spot down 19% due to oversupply and weak demand
Crude oil futures continued to climb in an optimistic climate on Thursday, to hit their highest settlement since March amid lower U.S. inventories and hopes for a recovery in demand for black gold. Hence, Brent crude for July delivery rose by 31 cents, or 0.9%, to settle at $36.06 per . At the same time, U.S. WTI crude gained 43 cents, or 1.3%, to end at $33.92 per barrel.
read more... 22/05/2020
Daily (21.05.2020) European carbon prices rallied above €21 on Wednesday
Oil prices extended the bullish run on Wednesday due to a fall in U.S. crude inventories and recovering demand following the ease of lockdown measures. Brent crude settled $1.10, or 3.2%, higher at $35.75 a barrel. West Texas Intermediate futures ended $1.53, or 4.8%, higher at $33.49.
read more... 21/05/2020
Daily (20.05.2020): British spot and near-term gas prices lost ground on Tuesday amid lower demand, healthy supplies
Crude oil futures diverged on Tuesday, with U.S. WTI crude edging 0.4% higher, to close at $31.96 a barrel in a rather optimistic climate amid the resumption of world demand at a time when supply is absorbing. Meanwhile, Brent crude for July delivery, which struggled to take direction in a volatile trading, shed by 16 cents, or 0.46%, to settle at $34.65 per barrel.
read more... 20/05/2020