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Daily (02.01.2020): Brent gains 23% in 2019, the best year since 2016
Crude oil prices pulled back on Tuesday, the last trading day in 2019, as U.S. equities fell sharply despite an optimistic economic growth outlook for 2020 following Washington and Beijing lessening trade relations. Brent crude for March delivery fell 67 cents, or 1% to settle at $66.00 a barrel. U.S. WTI crude for February delivery slid 62 cents, or 1% to close at $61.06 a barrel.
read more... 02/01/2020
Daily (31.12.2019): New Year’s Eve saw a strong bearish evolution in forward energy prices
Crude oil evolved differently on Monday, but held near three-month high on Monday, spurred by declining U.S. crude inventories and hopes for an expected China-U.S. deal. However, intensified geopolitical risk following U.S. air strikes in Iraq and Syria gave the commodity a boost.
read more... 31/12/2019
Daily (30.12.2019): Oil posted the fourth weekly gain on Friday due to a decline in crude stocks, revived optimism after the US-China deal
Oil posted the longest streak of weakly gains since April, as government report unveiled U.S. crude inventories fell to the lowest level in two months. Moreover, an equity market rally and revived optimism of economic growth following U.S.-China deal, has lent more support to crude oil prices for the fourth consecutive week.
read more... 30/12/2019
Daily (27.12.2019): Crude oil at the highest level since September on Thursday due to China-U.S. trade pact
Crude oil strengthened in post-holiday light trading, with prices hitting the highest level since September, buoyed by optimism that China-U.S. trade conflict will end soon and following API’s data report indicating a bigger-than-expected decline in crude stockpiles.
read more... 27/12/2019
Daily (26.12.2019): Crude oil prices soared in pre-Christmas trade on supply cuts commitments
Crude oil prices soared on Tuesday in thin pre-Christmas trade on Russia’s pledge to honor production cuts promised to OPEC and after U.S. President Donald Trump reiterated the conclusion of the first phase of the U.S.-China trade deal.
read more... 26/12/2019