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Daily (28.01.2020): Oil declined further by over 2% on increased worries about the coronavirus impact
The anxiety over the global economic impact of a deadly virus sent oil prices more than two percent lower on Monday. Brent crude for March delivery slipped $1.37, or 2.3%, to settle at $59.32 a barrel, the lowest level since Oct. 21. U.S. WTI crude ended at $53.14 a barrel, down $1.05, or 1.9%, its lowest level since Oct. 2.
read more... 28/01/2020
Daily (23.01.2020): Brent fell over 2% on Wednesday on supply glut concerns, coronavirus spread in China
Crude oil prices fell more than 2% on Wednesday following a supply glut forecast released by IEA. Moreover, the spread of China’s coronavirus increased concerns about demand. Brent crude for March delivery dipped $1.38, or 2.1%, to settle at $63.21 a barrel on ICE London. WTI for February shed $1.64, or 2.8%, to end at $56.74 on NYMEX.
read more... 23/01/2020
Daily (22.01.2020): Brent crude down 1% on Tuesday as robust global supply reduced fears of Libyan output cuts
Crude oil prices drew back on Tuesday as robust supply worldwide counterweighed reports indicating that Libyan output would decline.
read more... 22/01/2020
Daily (21.01.2020): Crude oil hits the highest level in a week due to supply disruption in Libya
Crude oil prices climbed to their highest level in more than a week on Monday, due to a halt in the crude production at two large Libyan oilfields after forces loyal to commander Khalifa Haftar closed a pipeline, bringing back the focus on supply risks.
read more... 21/01/2020
Daily (20.01.2020): NBP spot down 1% on Friday as robust supply offset colder weather forecasts
Crude oil futures posted modest gains on Friday due to a sluggish economy in China, intensifying worries about fuel demand. For the week, prices were slightly down.
read more... 20/01/2020