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Daily: German, French power contracts diverge at 11.50 euro gap
Brent crude oil boosted by more than $1 a barrel on Wednesday after an American official said it would be "very hard" to reach a nuclear agreement with Iran this week. U.S. oil prices dropped late in session after the U.S. Federal Reserve suggested it may increase its monetary stimulus program, a move that could hit oil demand.
read more... 21/11/2013
Daily: European spot power prices trade higher on cold weather
U.S. oil futures declined by more than $2 a barrel on Tuesday, recording a new four-and-a-half-month low, following speculation the U.S. Federal Reserve could ease up on its monetary stimulus program.
read more... 13/11/2013
Daily: Brent slips on Iran nuclear negotiations
Brent crude oil futures dropped nearly by two percent on Thursday, registering a third consecutive day of losses on stronger dollar and talks between Iran and the West over Tehran’s controversial nuclear program which added pressure to prices. Brent dipped $1.78, or 1.7 percent, to settle at $103.46 a barrel, losing $2 to trade as low as $103.24, its lowest level since July 2. Meanwhile, U.S. oil settled 60 cents lower at $94.20 a barrel after registering its biggest one-day percent gain in more than one month in the previous session when figures showed a larger-than-expected draw from gasoline stocks.
read more... 08/11/2013
Daily: British gas soars on weak North Sea supply
Brent crude oil futures traded steady above $110 a barrel on Monday on hopes the U.S. Federal Reserve would delay reducing its massive economic stimulus programme until next year, which could help encourage oil demand in the world's largest oil consumer. Brent crude futures for December delivery rose 10 cents to $110.04 a barrel by 03:43 GMT, while U.S. crude oil futures for November delivery increased by 3 cents to $100.84, after earlier boosting as high as $100.95.
read more... 22/10/2013
Daily: UK gas prices drop on milder weather
U.S. crude oil prices settled at the lowest level in more than three months on Thursday as inventories in the Cushing, Oklahoma, started to reverse a months-long drop, and as signs of progress in negotiations over Iran's nuclear program also added pressure on prices. Meanwhile, front-month December Brent crude settled $1.48 lower at $109.11 per barrel and U.S. oil closed $1.62 per barrel lower at $100.67, the lowest settlement price since July 2.
read more... 18/10/2013