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Daily: Oil contracts up 5% for the week on OPEC revived hopes
Crude oil price ended higher on Friday, closing out a bullish week for crude oil, spurred by growing expectations that OPEC will find a solution to limit production at the end of the month. Brent crude rose by 37 cents, or 0.8 percent, to settle at $46.86 per barrel, posting its first weekly increase in five weeks. U.S. West Texas Intermediate crude climbed 27 cents, or 0.6 percent, for the day, to close at $45.69 a barrel. It posted its first weekly increase in four weeks. For the week, Brent and U.S. crude both rose roughly 5 percent.
read more... 21/11/2016
Daily: Oil tumbles as stronger dollar overshadows OPEC deal hopes
Crude oil prices closed slightly lower on Thursday, then tumbled as much as 1 percent after-trade-market session as a robust dollar overshadowed expectations of an OPEC deal to curb production. Brent crude lost 14 cents or 0.3 percent to end at $46.49 a barrel , before slipping further to $46.12. U.S. West Texas Intermediate crude shed 15 cents or 0.33 percent to settle at $45.42. It dropped in post-settlement by 56 cents, or 1.2 percent, to $45,01.
read more... 18/11/2016
Daily: German spot power contract down on heavy renewable, thermal production
Crude oil prices slipped in a volatile trading on Wednesday, dragged down by a bigger-than-expected U.S. crude stockpiles increase that overshadowed Russia’s statements about a possible meeting with Saudi Arabia that renewed hopes for a production freeze deal. Brent futures lost 32 cents, or 0.7 percent, to settle at $46.63 a barrel, while U.S. crude WTI shed 24 cents, or 0.5 percent, to end at $45.57 per barrel.
read more... 17/11/2016
Daily: French year-ahead power contract hits new record high on nuclear worries
Crude oil prices soared 6 percent on Tuesday, with U.S. crude hitting its largest daily percentage gain in seven months on revived expectations that OPEC will agree later this month to limit a global oversupply. U.S. crude closed the session $2.49 higher at $45.81 per barrel, a 5.8 percent gain, its biggest daily percentage hike since early April. Brent futures ended at $46.95 a barrel, up $2.52, or 5.7 percent, its largest percentage gain since September 28.
read more... 16/11/2016
Daily: French spot power prices rally over 45% on nuclear uncertainty
Crude oil prices were mainly flat on Monday, recovering from three-month lows as OPEC members are still at odds over how to share output cuts, a report said. Brent crude futures closed at $44.43 per barrel, down 0.72 percent, after slipping as low as $43.57. U.S. crude shed 0.2 percent to settle at $43.32, after reaching a low of $42.20. Both benchmarks' session lows were the weakest levels since August 11.
read more... 15/11/2016