Latest news
Daily (07.03.2018): Oil prices rose on Tuesday due to a weak dollar ahead of U.S. inventory data
Oil prices rose on Tuesday, after South Korea mentioned it would carry out a summit with North Korea for the first time in a decade, which investors took as a cue to sell the U.S. dollar and purchase risky assets.
read more... 07/03/2018
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 (02.08.2017): UK wholesale gas prices fell by 1.3% - 3% on Tuesday
Oil reversed to bearish on Tuesday, as OPEC production rose in July, according to Reuters survey, led by a further recovery in supply from Libya, one of the exempt producers. Nevertheless, U.S. inventory reports due on Tuesday and Wednesday are expected to show crude stocks fell, supporting the prices by the end of the week. Brent crude edged 1.65% lower at $51.78 a barrel, while WTI price decreased by 2% to close at $49.16 a barrel.
read more... 02/08/2017
Daily (01.08.2017): European spot electricity prices soared by 60-70% on Monday on high air conditioning demand
Oil was slightly bullish near two-month highs on Monday, putting July 2017 to become the strongest month so far this year. Tightening U.S. market after heavy inventory falls and slower new oil rig additions supported the prices. Sentiment in the oil market is very bullish as some OPEC and non-OPEC members will meet on Aug. 7-8 in Abu Dhabi to assess compliance with production cuts. Also, the U.S. is considering imposing sanctions on Venezuela's oil sector, pushing up the prices. Brent crude rose by 0.25% to $52.65 a barrel, while WTI price rose by almost 1% to close at $50.17 a barrel.
read more... 01/08/2017
Daily (07.07.2017): EU carbon prices jumped by 4% to hit one-month high on Thursday
Oil rose on Thursday, recovering some ground as the data from the American Petroleum Institute on Wednesday showed U.S. crude inventories fell more sharply than expected. Also, weekly inventory figures from the U.S. EIA confirm a heavy drop in crude stocks. Traders consider that there is a potential for oil prices to rise much higher. Brent crude jumped by almost 0.7% to end at $ 48.11 a barrel, while the WTI price soared increased by 0.9% to $45.52 a barrel.
read more... 07/07/2017