- July 1st, 2019
Oil prices jump over 2% as OPEC set to extend supply cuts
Oil prices rose more than $1 a barrel on Monday, with OPEC and its allies on track to extend supply cuts until at least the end of 2019 at their meeting in Vienna this week. ›
Oil prices rose more than $1 a barrel on Monday, with OPEC and its allies on track to extend supply cuts until at least the end of 2019 at their meeting in Vienna this week. ›
Oil prices eased on Friday as traders awaited any update on the Sino-U.S. trade war from a scheduled weekend meeting of the two countries’ presidents at the G20, and eyed next week’s OPEC gathering. ›
British wholesale gas prices fell on Friday morning as ample supply, high storage levels and low demand weighed on the market. ›
European prompt power prices for day-ahead delivery soared on Thursday, buoyed by forecasts showing a sharp plunge in German wind electricity generation while consumption is expected to dip on Friday due to the weekend effect.
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British wholesale gas prices fell on Thursday, despite a small level of undersupply, as the month draws to an end prompting some profit taking with fundamentals broadly bearish.
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Oil prices rose more than 2% on Wednesday and hit their highest in about a month, buoyed by U.S. government data that showed a larger-than-expected drawdown in crude stocks as exports hit a record high, and surprise drops in refined product stockpiles.
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British wholesale gas prices fell on Wednesday due to a drop in demand for power generation from gas turbines and as storage levels are high.
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Oil prices rose more than 1% on Wednesday to their highest in nearly a month as industry data showed U.S. crude stockpiles fell more than expected, underpinning a market already buoyed by worries over a potential U.S.-Iran conflict.
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British wholesale gas prices dropped on Tuesday due to continued high storage levels and supply. ›
Oil fell on Tuesday amid concerns over the outlook for crude demand, but prices were supported after Washington announced new sanctions on Iran amid mounting tensions in the Middle East.
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