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Daily (21.08.2020): UK gas prices posted strong weekly gains due to higher LNG and U.S. gas prices
Crude oil futures lost ground on Thursday, pressured by downbeat comments from the U.S. Fed and OPEC+ on the demand outlook due to the coronavirus, while U.S. unemployment claims unexpectedly rose last week. Hence, Brent crude fell by 47 cents, or 1%, to settle at $44.90 a barrel. At the same time, U.S. WTI crude ended the session 11 cents, or 0.3%, lower at $42.82 a barrel.
read more... 21/08/2020
Daily (19.08.2020): NBP spot at a 5-month high on Tuesday amid higher LNG prices globally
Crude oil futures barely changed on Tuesday as the market participants watched the upcoming U.S. government data expected to show a fourth straight weekly drop in stockpiles. However, OPEC+ high compliance with supply cuts in July added little support to oil prices. Consequently, Brent crude rose by 0.2% to settle at $45.46 a barrel. At the same time, U.S. WTI crude remained unchanged at $42.89 a barrel.
read more... 19/08/2020
Daily (18.08.2020): British September gas soared to multi-month highs on Monday amid stronger LNG prices worldwide
Strong OPEC+ compliance with their production cut deal in July and reports that China would boost U.S. crude imports as a first phase of the two nations’ trade deal lifted oil prices on Monday. Hence, Brent crude rose by 57 cents, or 1.3%, to settle at $45.37 a barrel. Meanwhile, U.S. WTI crude edged 88 cents higher, or 2.1 %, to close at $42.41 a barrel.
read more... 18/08/2020
Daily (04.08.2020): Oil prices added near 2% on Monday amid upbeat economic data
Crude oil futures ended higher on Monday after a session start in the red as the rise in production from OPEC+ members came into effect, adding to the virus woes. However, oil prices got a boost from positive manufacturing and industrial data across the United States, Europe, and Asia. Hence, Brent crude soared by 63 cents, or 1.5%, to settle at $44.15 a barrel. U.S. WTI crude rose by 74 cents, or 1.8%, to end at $41.01 a barrel.
read more... 04/08/2020
Daily (20.07.2019): European CO2 prices jumped by over 4% on Friday due to a stronger auction
Crude oil prices slipped on Friday, as US reported a record high increase in daily Covid-19 cases, while OPEC+ claimed to add supplies starting from August. In this context, Brent crude edged 0.5% lower at $43.14 a barrel. WTI futures settled 0.4% down at $40.59 a barrel.
read more... 20/07/2020