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Daily (29.06.2018): European carbon contracts traded 1.6% lower on Thursday after recent gains
Oil supply shortage and higher demand after latest U.S. sanctions contributed to increase in prices on Thursday. Moreover, the draw in U.S. crude stocks also led to the upward evolution in prices. Brent crude soared by 0.3% to $77.85 a barrel, while WTI crude settled around 1% higher at $73.45 a barrel.
read more... 29/06/2018
Daily (28.06.18): UK gas prices were strongly bullish on Wednesday due to high oil prices
Decreasing U.S. crude stocks, a supply outage at Syncrude in Canada and uncertainty over Lybian exports boosted oil prices on Wednesday. Brent crude jumped to almost a three-week peak, to settle 1.7% higher at $77.62 a barrel. Meanwhile, WTI crude rose by 3.1% to $72.76 a barrel, or a 3 ½ -year high.
read more... 28/06/2018
Daily (27.06.2018): WTI crude jumped by 3.6% on Tuesday as U.S. requested countries to stop buying Iranian crude
Oil prices have seen an upward evolution on Tuesday, as Washington demanded allies to reduce imports of Iranian crude, which would put pressure on global supplies. Brent crude hiked by 2.1% to $76.31 a barrel. Prices have been also supported by uncertainty over Libyan exports. WTI crude jumped by 3.6% to 70.53 a barrel.
read more... 27/06/2018
Daily (26.06.2018): German spot power price rose by more than 100% on Monday, due to high demand and low wind generation
After OPEC’s resolution to raise output by one million barrels per day, oil prices dropped on Monday. Brent crude edged 1.1% lower at $74.73 a barrel. Simultaneously, WTI crude was less bearish, settling 0.7% down at $68.08 a barrel, due to a temporary decline in U.S. drilling activity and a Canadian supply outage.
read more... 26/06/2018
Daily (25.06.2018): OPEC’s decision to moderately increase oil production led to a hike in crude prices on Friday
Oil prices jumped on Friday after OPEC settled on a moderate increase in production, below figures discussed ahead of the reunion held in Vienna. Brent crude soared by 3.4% to $75.55 a barrel. Moreover, lower output in Venezuela and Trump’s sanctions on Iran also boosted prices, with WTI crude closing 4.6$ higher at $68.58 a barrel.
read more... 25/06/2018