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Daily (10.12.2018): German power spot price plunged by 72% on Friday due to strong wind generation
An agreement reached by OPEC, Russia and several other producers to reduce output in 2019 boosted oil prices on Friday. Brent crude surged by $1.61, or 2.7 percent, to $61.67 a barrel. WTI crude jumped by 2.2% to $52.61 a barrel.
read more... 10/12/2018
Daily (07.12.2018): Crude prices down by around 3% on Thursday, ahead of the final decision on OPEC supply cuts
Oil prices were strongly bearish on Thursday, as the OPEC meeting in Vienna ended without an announcement of a decision to reduce crude supply. Brent crude price plunged by 2.5% to $60.06 a barrel. WTI crude lost 2.7% to $51.49 a barrel. OPEC and its allies are likely to discuss today about the terms of supply cuts in order to support the market.
read more... 07/12/2018
Daily (06.12.2018): Gas and power prices fell on Wednesday: low demand, warm weather and strong wind generation
Oil prices slipped on Wednesday, as President Donald Trump expects steady crude flows. Brent crude price edged 0.8% lower to $62.08 a barrel. Meanwhile, WTI crude fell 0.7% to $52.89 a barrel, as losses were limited by potential cuts in oil production.
read more... 06/12/2018
Daily (05.12.2018): NBP spot price dropped by 3.3% on Tuesday due to warmer weather and oversupply
Oil prices gained further momentum on Tuesday, on expectations for supply shortages, a subject to be discussed at the meeting between the OPEC and Russia in Vienna on the 6th of December. Brent crude price traded 0.6% higher at $62.08 a barrel. At the same time, the cut in Canadian production in the efforts to help OPEC limit oversupply also boosted prices. WTI crude surged by 0.6% at $53.25 a barrel.
read more... 05/12/2018
Daily (04.12.2018): Brent crude hiked by 5.1% on Monday, as US-China trade war tensions eased
Oil prices jumped on Monday, after Qatar decided to quit the OPEC club in January 2019. Furthermore, US-China trade tensions eased as no additional tariffs will be imposed during a period of 90-days. Expectations for OPEC supply reduction also stimulated prices. Brent crude price increased by 5.1% to $61.69 a barrel. Meanwhile, WTI crude gained 4% to $52.95 a barrel.
read more... 04/12/2018