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Daily (28.01.2020): Oil declined further by over 2% on increased worries about the coronavirus impact

The anxiety over the global economic impact of a deadly virus sent oil prices more than two percent lower on Monday. Brent crude for March delivery slipped $1.37, or 2.3%, to settle at $59.32 a barrel, the lowest level since Oct. 21. U.S. WTI crude ended at $53.14 a barrel, down $1.05, or 1.9%, its lowest level since Oct. 2.

read more... 28/01/2020

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Daily (23.01.2020): Brent fell over 2% on Wednesday on supply glut concerns, coronavirus spread in China

Crude oil prices fell more than 2% on Wednesday following a supply glut forecast released by IEA. Moreover, the spread of China’s coronavirus increased concerns about demand. Brent crude for March delivery dipped $1.38, or 2.1%, to settle at $63.21 a barrel on ICE London. WTI for February shed $1.64, or 2.8%, to end at $56.74 on NYMEX.

read more... 23/01/2020

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Daily (14.01.2020): NBP spot 3.7% higher on Monday in a short system

Oil prices settled down for a fifth session in a row on Monday as traders evaluated the possibility of an oversupply in crude amid fading geopolitical tensions in the Middle East. Brent crude for March delivery declined by 78 cents, or 1.2% to settle at $64.20 a barrel. WTI, the US crude benchmark, settled down 96 cents, or 1.6%, to end at $58.08 per barrel.

read more... 14/01/2020

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Daily (07.01.2020): Carbon prices turned bearish again on Monday after the restart of EUA auctions

Crude oil price extended gains on Monday as tensions erupted following Soleimani's killing on Friday, with Tehran and Washington exchanging strike threats. Brent crude for March delivery rose above $70 a barrel at one point, but settled only 0.5% higher at $68.91 a barrel. U.S. WTI crude for February delivery gained 22 cents to close at $63.27 a barrel.

read more... 07/01/2020

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Daily (02.01.2020): Brent gains 23% in 2019, the best year since 2016

Crude oil prices pulled back on Tuesday, the last trading day in 2019, as U.S. equities fell sharply despite an optimistic economic growth outlook for 2020 following Washington and Beijing lessening trade relations. Brent crude for March delivery fell 67 cents, or 1% to settle at $66.00 a barrel. U.S. WTI crude for February delivery slid 62 cents, or 1% to close at $61.06 a barrel.

read more... 02/01/2020

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