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Daily (02.11.2017): Electricity prices in Europe recovered on Wednesday after the All Saints holiday
Oil prices dropped on Wednesday, after weekly U.S. government inventory data indicated the recent crude stock draw was not as huge as an industry trade group had expected.
read more... 02/11/2017
Daily (31.10.2017): Higher gas consumption in the UK boosted prompt prices on Monday
Brent oil price rose on predictions that OPEC-led output reductions would be prolonged beyond March even though higher Iraqi exports put a cap on prices. Brent crude futures increased by 46 cents, or 0.8 percent, to settle at $60.90 per barrel, its highest level since July 2015. Meanwhile, U.S. West Texas Intermediate (WTI) crude futures surged 0.5% to $54.15 a barrel.
read more... 31/10/2017
Daily (30.10.2017): Oil prices surged 2% on Friday due to expected extension of output reduction
Oil prices jumped about 2 percent on Friday, with global benchmark Brent crude surging above $60 per barrel, on support among the world's major producers for prolonging a deal to reduce output.
read more... 30/10/2017
Daily (27.10.2017): Brent crude price hit a 27-month peak on Thursday
Brent crude settled at a 27-month peak on Thursday as the market concentrated more on comments from Saudi Arabia about stopping a global supply glut instead of an unpredicted rise in U.S. crude inventories, increased U.S. output and exports.
read more... 27/10/2017
Daily (26.10.2017): German spot power prices boosted by lower wind generation and colder weather
Oil stabilized on Wednesday close to a four-week peak after major exporter Saudi Arabia stated that it was determined to stop a supply glut that has influenced the market for three years. Brent crude futures rose 11 cents, or 0.20%, to end at $58.44 a barrel. Meanwhile, U.S. West Texas Intermediate crude traded 0.6% down at $52.27.
read more... 26/10/2017