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Daily (16.11.2018): UK gas prices jumped by over 3% on Thursday: cold weather, strong demand
Oil prices rose slightly on Thursday, reversing previous losses, as trade disputes between China and the US are likely to ease. Nevertheless, market sentiment remained cautious because of worries that a supply glut might still happen amid a glum economic outlook. Brent crude futures gained 0.8% to settle at $66.62 a barrel. WTI crude was 0.4% up at $56.46 a barrel.
read more... 16/11/2018
Daily (15.11.2018): European year-ahead power prices fell by over 1% on Wednesday, tracking weaker CO2 and coal markets
Oil prices surged on Wednesday, recovering from recent lows as OPEC partners are focusing on output cuts in order to support the market. Nevertheless, gains were still limited by the escalating trade war between the worlds’ biggest economies — U.S. and China. Both Brent crude and WTI rose 1% to settle at $66.12 and at $56.25 a barrel respectively.
read more... 15/11/2018
Daily (14.11.2018): Oil prices dropped by around 7% on Tuesday, due to oversupply
Oil prices plummeted on Tuesday, due to a rise in production and concerns over a slower consumption growth in 2019. OPEC and non-OPEC members are discussing the need for output reductions to avoid a significant rise in stocks. Brent crude declined by 6.6% to settle at $65.47 a barrel, while WTI crude tumbled by 7.1% to end at $55.69 a barrel.
read more... 14/11/2018
Daily (13.11.2018): NBP spot gas price added almost 8% on Monday, due to stronger demand
Oil prices edged lower on Monday, following OPEC’s reaction to add more supply in order to cover potential losses of Iranian barrels, after sanctions against crude exports from the Islamic Republic were re-imposed on November 4. Brent crude was almost flat at $70.12 a barrel, while WTI crude lost 0.4% to $59.93 a barrel.
read more... 13/11/2018
Daily (12.11.2018): German electricity spot price fell by 27.6% on Friday due to an oversupplied system
Stronger global supply alongside increased fears over lower rhythm of demand growth led to bearish oil prices on Friday. Brent crude lost $0.47, or 0.7% to end at $70.18 a barrel. WTI futures traded $0.48, or 0.8% lower at $60.19 a barrel.
read more... 12/11/2018