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Daily (03.07.2019): Crude oil prices fell by over 4% on Tuesday, weighed by demand worries
Crude oil prices posted an important loss on Tuesday, pressured by global oil demand concerns raised by weaker factory activity in Europe and Asia in June as well as by downbeat U.S. manufacturing data nearing a three-year low. Moreover, investors seemed to be rather disappointed that OPEC didn’t agree on larger output cuts. As a result, WTI futures plunged by 4.8% to $56.25 a barrel, while Brent crude tumbled by 4.1% to $62.40 a barrel.
read more... 03/07/2019
Daily (02.07.2019): NBP spot spiked by 11% on Monday, due to outages at Norwegian gas infrastructures
Crude oil prices diverged on Monday. WTI futures inched up by 1.1% to $59.09 a barrel, following OPEC’s decision to extend its output cuts by another nine months until March 2020. Prices were also supported by the easing of trade tensions between U.S. and China, as their presidents agreed not to impose further tariffs on U.S. and Chinese goods. However, Brent crude settled 2.2% lower at $65.06 a barrel, due to persistent demand worries stoked by the slowing global economy and surging U.S. crude production.
read more... 02/07/2019
Daily (01.07.2019): Carbon prices fell by around 2.3% on Friday, amid quarter-end profit-making
Crude oil prices were bearish on Friday, as traders awaited the outcome of the meeting of the U.S. President Donald Trump with the Chinese President Xi Jinping. As a result, WTI futures settled 1.6% lower at $58.47 a barrel, while Brent crude remained flat at $66.55 a barrel. However, expectations for a prolongation of crude output cuts by OPEC members and their allies at their meetings on July 1-2 limited losses.
read more... 01/07/2019
Daily (28.06.2019): NBP day-ahead plummeted by 9.5% on Thursday, due to bearish fundamentals and robust supply
Crude oil prices added ground on Thursday, on expectations that OPEC will extend an output cut agreement, while investors await a meeting between the United States and China that could ease current trade tariffs. As a result, Brent crude inched 0.1% up at $66.55 a barrel, while WTI futures settled 0.1% up at $59.43 a barrel.
read more... 28/06/2019
Daily (27.06.2019): EUAs hit a 2-month peak on Wednesday due to no new supply
Oil prices surged by more than 2% on Wednesday to hit their peak level in almost a month, supported by unexpected drops in refined product stockpiles and a larger-than-anticipated drawdown in crude stocks as exports hit a record high. Brent crude futures rose by $1.44, or 2.2%, to close at $66.49 a barrel. WTI futures increased by $1.55, or 2.7%, to close at $59.38 a barrel.R
read more... 27/06/2019