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Daily (02.01.2018): The German spot power price in the negative territory on Monday due to strong wind generation
Oil prices rose at the year close, dragged by surging stock markets. The upward trend was fueled by the US President’s boasts on the advancing talks on the potential U.S.-China trade deal. As a result, Brent crude jumped by 3% to $53.80 a barrel. Gains were limited by continued worries about a supply glut, with WTI crude 0.2% up at $45.33 a barrel.
read more... 02/01/2019
Daily (31.12.2018): HO-HO-HO French electricity price for 2019-delivery tumbled by over 8% on Friday, due to weaker demand
Oil crude prices recovered somewhat on Friday, tracking bullish stock markets. However, continuing concerns over a persistent supply glut have limited gains. Brent crude price edged higher at $52.2 a barrel. In the meantime, the price for WTI crude surged by 1.6% to settle at $45.33 a barrel.
read more... 31/12/2018
Daily (28.12.2018): NBP spot plunged by 7.8% on Thursday, due to an oversupplied system
Oil prices turned bearish again on Thursday, due to forecasts for weaker global economic growth and record production of crude, which weighed down on the market. Brent crude slumped by 4.2% to $52.16 a barrel. At the same time, the rise in U.S. stocks contributed to a 3.5% decline in WTI crude to $44.61 a barrel.
read more... 28/12/2018
Daily (27.12.2018): Brent crude jumped by 8% on Wednesday due to OPEC efforts to cut output
Oil prices turned bullish on Wednesday, as OPEC strives to support the market by reducing output. Consequently, Brent crude surged by 7.9% to $54.47 a barrel, while WTI price soared by 8.7% to close at $46.22 a barrel.
read more... 27/12/2018
Daily (26.12.2018): The German power contract plummeted by 92.6% on Monday, due to weaker demand ahead of holidays
The recent agreement between OPEC and Russia on a 1.2 million bpd production cut for 2019 could not stop the decline in crude prices on Monday, as a potential rise in U.S. interest rates and trade tensions between the world’s biggest economies weighed down on the markets. WTI crude price tumbled by 7.2% to $42.53 a barrel, while Brent oil was 6.6% down at $50.47 a barrel, or their lowest levels since August 2017.
read more... 26/12/2018