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Daily (29.01.2020): NBP spot rose by over 2.5% on Tuesday, due to an undersupplied system

Crude oil prices edged higher on Tuesday, recovering from a five-day streak of losses, following a rally in global equity markets and on news that OPEC might extend its cuts amid fears the coronavirus could hurt oil demand.

read more... 29/01/2020

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Daily (27.01.2020): Brent oil posted a 6.4% weekly decline on concerns of a possible global coronavirus pandemic

Oil prices posted their worst week since more than a year on Friday, on worries that the coronavirus will spread further in China, hurting demand for oil.

read more... 27/01/2020

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Daily (24.01.2020): Energy prices in a bearish mood on Thursday on worries about coronavirus, weaker demand and milder weather

Oil prices ended lower on Thursday as the rapid spread of the new coronavirus could dent demand for black gold. Oversupply concerns, despite oil production disruption in Libya, also put pressure on prices.

read more... 24/01/2020

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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 (20.01.2020): NBP spot down 1% on Friday as robust supply offset colder weather forecasts

Crude oil futures posted modest gains on Friday due to a sluggish economy in China, intensifying worries about fuel demand. For the week, prices were slightly down.

read more... 20/01/2020

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