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Daily (12.05.2020): British near-term gas prices lost ground on Monday amid a re-routing of French gas to UK
Crude oil futures started the week on the back foot, weighed down by investor fears of a second wave of Covid-19 which offset new output cuts from Saudi Arabia. Hence, Brent crude for July delivery fell by $1.34, or 4.3%, to settle at $29.63 a barrel. At the same time, U.S. WTI crude dropped by 60 cents, or 2.4%, to settle at $24.14 a barrel.
read more... 12/05/2020
Daily (11.08.2020): Oil prices turned bullish on Friday due to an increase in demand
Crude oil prices surged on Friday, as an increase in demand and a decline in U.S. oil rigs boosted prices. Brent crude rose by $1.51, or 5.1%, to $30.97 a barrel. U.S. West Texas Intermediate crude futures (WTI) gained $1.19, or 5%, to $24.74 a barrel.
read more... 11/05/2020
Daily (08.05.2020): German Cal’21 power contract bounced by 1.3% on Thursday in tandem with stronger coal, carbon prices
Crude oil futures declined on Thursday amid doubts about the ability of oil giants to comply with their production quotas in an attempt to stabilize the market. Moreover, worries about economic recession, sluggish demand and oversupply eclipsed a rebound in Saudi Arabia’s official crude selling and an unexpected rise in Chinese exports last month.
read more... 08/05/2020
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Daily (07.05.2020): Oil prices turned bearish again on Wednesday
Oil prices dropped on Wednesday, as a result of an oversupplied system and a persistent weak demand. Despite a recovery in prices in the last days, International benchmark Brent crude settled 4% lower at $29.72 a barrel. West Texas Intermediate, the U.S. benchmark, fell by 2.3%, or 57 cents, to settle at $23.99 a barrel.
read more... 07/05/2020
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Daily (06.05.2020): U.S. WTI crude rallied by 20.5% on Tuesday amid hopes of improving demand
Crude oil futures continued to gain ground on Tuesday as some European and Asian countries along with several U.S. states started to ease coronavirus-related lockdown measures, increasing optimism for a bounce in fuel consumption.
read more... 06/05/2020