- August 29th, 2019
Oil prices drop on concern over U.S. economy
Oil prices fell on Thursday for the first time in three days after San Francisco Federal Reserve President Mary Daly sounded a note of concern about the strength of U.S. economy. ›
Oil prices fell on Thursday for the first time in three days after San Francisco Federal Reserve President Mary Daly sounded a note of concern about the strength of U.S. economy. ›
British wholesale gas prices rose on Wednesday morning, supported by bullish oil and carbon emission prices. ›
Oil prices rose on Wednesday, with U.S. crude gaining 1.3% after an industry report showed stockpiles in the United States, the world’s biggest oil user, fell more than expected, easing worries about economic growth due to the China-U.S. trade war. ›
European spot electricity prices for next-day delivery posted gains in wholesale trade on Tuesday, buoyed by a forecast of an increase in German consumption, while lower gas and coal generation in Belgium and Netherlands provided support.
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Oil prices rose on Tuesday after U.S. President Donald Trump predicted a trade deal with China after positive comments by Beijing, calming nerves after a round of tit-for-tat tariff hikes had sent markets reeling.
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German prompt power prices firmed in wholesale market trading on Thursday as wind volumes looked set to fall, while forward contracts sagged along with weaker coal and carbon prices. ›
Oil prices dipped on Thursday, paring earlier gains, weighed down by worries about the global economy and bigger-than-expected builds in oil product inventories in the United States, the world’s biggest oil consumer.
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British wholesale gas prices rose on Thursday morning as imports from Norway fell ahead of expected maintenance and unplanned outages continued to curb domestic supplies.
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British wholesale gas prices rose on Wednesday, despite an oversupplied market, as an unplanned outage at a gas field was extended.
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Brent crude oil futures rose above $60 a barrel on Wednesday after industry data showed a larger-than-expected drop in U.S. crude inventories, but ongoing worries about a possible global recession capped gains.
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