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Daily (22.11.2019): WTI crude hit a 2-month high on Thursday, on potential extension of OPEC+ crude cuts and optimism around China-U.S trade talks

Crude oil prices traded higher on Thursday reaching their highest level in two months, as OPEC and its allies will most probably extend oil supply cuts until June. The news about China’s intention to invite U.S. to a second round of trade negotiations also supported the bullish trend. Hence, Brent crude rose by 2.5% to $63.97 a barrel. WTI futures climbed 2.8% to $58.58 a barrel.

read more... 22/11/2019

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Daily (21.11.2019): The 3.3% hike in WTI crude due to a lower-than-predicted growth in U.S crude inventories lent support to the entire energy complex

Oil prices increased on Wednesday following a report indicating that U.S crude inventories rose lower than expected. Moreover, Russia promised to continue its cooperation with OPEC to maintain a balanced oil market. Brent crude jumped by 2.5% to $62.40 a barrel. WTI crude climbed by 3.3% to $57.01 a barrel.

read more... 21/11/2019

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Daily (20.11.2019): WTI crude dropped by 3.2% on Tuesday on worries about oversupply and slow progress in U.S.-China trade dispute

Oil prices declined on Tuesday on worries about crude oversupply and slow evolution in resolving the U.S- China trade war. Brent crude dropped by 2.5% to $60.91 a barrel. WTI futures fell by 3.2% to $55.21 a barrel.

read more... 20/11/2019

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Daily (19.11.2019): NBP spot fell by 2% on forecasts for lower heating and gas-for-power demand due to milder weather

Oil prices lost ground on Monday amid uncertainty over a trade agreement between the U.S. and China. Furthermore, worries about crude oversupply also put pressure on oil contracts. Brent crude dropped by 1.4% to $62.44 a barrel and WTI futures fell by 1.1% to $58.05 a barrel.

read more... 19/11/2019

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Daily (18.11.2019): French spot power price fell by more than 19% due to higher nuclear availability

Oil prices rose on Friday following the declaration made by OPEC’s Secretary General Mohammad Barkindo, stating that U.S. crude output is expected to fall in 2020. Brent crude surged by 1.6% to $63.30 a barrel.

read more... 18/11/2019

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