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Daily (10.07.2019): NBP spot declined by 3.7% on Tuesday, as a correction from the previous bullish session
Crude oil prices nudged up on Tuesday, due to OPEC+ supply cut extension and rising tensions in the Middle East. However, U.S.-China trade dispute limited the gains. As a result, Brent crude inched up by 0.1% to $64.16 a barrel, while WTI futures closed 0.3% higher at $57.83 a barrel.
read more... 10/07/2019
Daily (09.07.2019): European spot power prices rose by over 20% on Monday, due to low wind supply and tight nuclear capacity
Crude oil prices steadied on Monday as Iran’s nuclear program offset worries about global oil demand growth. As a result, Brent crude dropped by 0.2% to $64.11 a barrel, while WTI futures added 0.3% to settle at $57.66 a barrel.
read more... 09/07/2019
Daily (8.07.2019): NBP day-ahead jumped by 9.6% on Friday, due to outages at the Nyhamma gas plant
Oil prices reversed trend adding gains on Friday, bolstered by the rising tensions in Iran and a decision by OPEC and its allies to extend oil supply cuts until next year. Nevertheless, weak manufacturing data from around the globe limited oil gains. As a result, Brent crude climbed by 1.5% to $64.23 a barrel, while WTI futures inched up by 1.3% to $57.51 a barrel.
read more... 08/07/2019
Daily (05.07.2019): EU carbon prices dropped by around 1.8% on Thursday in a weaker auction
Crude oil prices declined in a thin trading due to a public holiday in the U.S. on Thursday, influenced by a smaller-than-anticipated drop in the U.S. crude inventories. Concerns of a scarce demand stoked by weaker U.S. factory orders and slower business growth in Europe also weighed on prices. However, this week’s decision on the extension of OPEC+ output cuts limited losses. Against that background, Brent crude lost 0.8% to settle at $63.30 a barrel, while WTI futures ended 0.9% lower at $56.80 a barrel.
read more... 05/07/2019
Daily (04.07.2019): NBP spot jumped by 2.2% on Wednesday, due to outages in Norway
Crude oil prices added ground on Wednesday, as major U.S. stock indexes closed at record high levels. Moreover, a decrease in the number of oil rigs, operated by U.S. energy firms, for the first time in three weeks, also lent support to prices. As a result, Brent crude climbed by 2.3% to $63.82 a barrel, while WTI futures closed 1.9% higher at $57.34 a barrel.
read more... 04/07/2019