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Daily: Crude oil prices soar across both continents on strong equities, Ukraine unrest
Brent crude oil prices climbed on Tuesday on violent rapports in Crimea, while the American benchmark skyrocketed to its highest level in a week on strong build in U.S. equities. Brent crude oil rose by 55 cents to settle at $106.79 per barrel, after touching a six-week low on Monday. Meanwhile, its equivalent WTI oil benchmark closed $1.62 higher at $99.70 per barrel.
read more... 19/03/2014
Daily: U.S. crude oil prices slump on China corporate default concerns
WTI crude oil prices dropped more than $1, pressured by copper prices which hit four-year lows on fears that other companies may follow Shanghai Chaori Solar Energy Science and Technology Co Ltd, which faced corporate default last week.
read more... 12/03/2014
Daily: Brent prices squeeze on escalating turmoil in Ukraine
Brent oil futures dropped on Thursday, dragged down by escalating turmoil in Ukraine that slashed the global risk appetite. U.S. oil futures also registered a decline, but losses were offset by figures showing the fourth consecutive weekly decline in oil stocks at WTI benchmark delivery point at Cushing, Oklahoma.
read more... 28/02/2014
Daily: WTI price above 102$, set to hit the 6th weekly increase
U.S. crude steadied above $102 a barrel on Friday, likely to hit its sixth weekly increase, backed by robust heating demand in North America and since a new pipeline drew off supplies from Cushing, Oklahoma, the WTI contract's delivery point.
read more... 21/02/2014
Daily: WTI crude rallies at four-month high on robust winter demand
Brent crude traded above $110 a barrel on Wednesday, destabilized by internal conflict in South Sudan and oil supply disruption in Libya, while protests in Venezuela raised concerns. Meanwhile, U.S. light crude hit its highest level in four months as stockpiles are expected to decline on winter demand and new pipeline capacity.
read more... 20/02/2014