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Daily (22.06.2018): Brent crude slumped by 2.3% on Thursday on expectations for higher supply
Brent crude dropped by 2.3% to $73.05 a barrel on Thursday, right before the OPEC meeting which is aimed at raising oil output. The news about a higher-than-expected stockpile draw in the U.S. put pressure on WTI crude price, which settled 0.3% lower at $65.54 a barrel.
read more... 22/06/2018
Daily (20.06.2018): NBP day-ahead gas price plummeted by 3.3% on Tuesday due to an oversupplied system
OPEC and Russia are likely to decide this week whether to increase their oil output, having a bearish effect on crude prices on Tuesday. Brent crude slipped by 0.4% to $75.08 a barrel, while WTI crude plummeted by around 1.2% to settle at $65.07 a barrel.
read more... 20/06/2018
Daily (19.06.2018): French spot power contract gained 26% on Monday, due to higher air conditioner demand
A looming trade dispute between U.S. and China buoyed oil prices on Monday. Furthermore, Brent crude jumped by 2.6% to $75.34 a barrel, ahead of the OPEC meeting this week aimed at raising global crude supply. WTI crude hiked by 1.2% to $65.85 a barrel.
read more... 19/06/2018
Daily(15.06.2018): Carbon prices slumped by 2.6% on Thursday due to late selling
A stronger dollar and a potential decision of the OPEC and its allies to increase production weighed on Brent crude on Thursday, which settled 80 cents, or about 1% lower at $75.94 a barrel. Meanwhile, WTI crude soared by 0.4% to end at $66.89 a barrel, in a catchup process to the higher priced products and Brent values.
read more... 15/06/2018
Daily (13.06.2018): Brent crude settled 0.8% lower on Tuesday ahead of OPEC meeting on the 22nd of June
Predictions that voluntary output reductions led by OPEC might be eased weighed down on Brent crude on Tuesday, which closed 0.8% lower at $75.88 a barrel. OPEC warned about downside risks to demand in the last quarters of the 2018, stating that oil market outlook is uncertain.
read more... 13/06/2018