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Daily (05.07.2017): German spot power contract rose by over 11% on Tuesday
Oil prices flirted with both positive and negative territory on Tuesday, as many traders closed positions ahead of the U.S. Independence Day holiday on July 4. Brent also faced technical resistance as it approached $50 a barrel, on tentative signs that a persistent rise in U.S. crude production might be slowing. Brent crude decreased by 7 cents to end at $49.61 a barrel, while the WTI price settled at $47.05 a barrel.
read more... 05/07/2017
Daily (04.07.2017): British prompt gas prices rose by almost 6% on Monday
Oil prices increased on Monday, resuming its longest trend of daily gains in more than 5 years after data pointed to falling U.S. output. Even though some analysts consider that rising OPEC production could cap gains and reverse the tendency to bearish in the nearest future. Brent crude soared by almost 3.7% to end at $49.68 a barrel, while the WTI price jumped by 2.24% to settle at $47.07 a barrel.
read more... 04/07/2017
Daily (30.06.2017): Oil prices jumped to a two-week high on Thursday
Oil prices jumped to a two-week high on Thursday, extending a rally into a sixth consecutive session. U.S. government data showed on Wednesday that domestic crude production had the steepest weekly fall since July 2016. Some analysts and traders believe the decline was caused by temporary factors such as production shutdowns in the Gulf of Mexico due to Tropical Storm Cindy and maintenance in Alaska.
read more... 30/06/2017
Daily (27.06.2017): British wholesale gas prices rose by 2-3% on Monday
Oil prices surpassed last week's seven-month lows on Monday. The higher supplies threaten OPEC efforts and its partners to reduce global oil inventories with production cuts. Investors in U.S. crude futures and options increased their bets against a further rise in oil prices.
read more... 27/06/2017
Daily (26.06.2017): European day-ahead electricity prices declined by 25% on Friday
Oil traded higher on Friday, due to falling crude inventories in the U.S., as a fundamental factor that supported prices.
read more... 26/06/2017