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Daily: Oil ends up on Russia-OPEC hopes
Crude oil ended up on Friday on hopes that Russia and OPEC will reach a deal at the weekend aimed to keep crude above $50 a barrel, although traders worried about pressure from a double-digit increase in the U.S. oil rig number. Brent rose 40 cents, or 0.8 percent, to settle at $51.78. For the week, it ended flat. U.S. West Texas Intermediate crude climbed 22 cents, or 0.4 percent, to end at $50.85 a barrel. WTI reached a July 2015 high of $51.93 on Wednesday and ended the week 1 percent higher.
read more... 24/10/2016
Daily: Crude oil prices down 2% as dollar hit seven-month high
Oil prices closed down more than 2 percent on Thursday, as a reviving dollar spurred players to take profit on the previous day’s hike that drove U.S. crude to 15-month highs. The dollar reached seven-month high against a basket of currencies. Benchmark Brent crude for December delivery eased $1.29, or 2.5 percent, to settle at $51.38 per barrel. U.S. West Texas Intermediate (WTI) crude's November contract, which expired as the front-month, declined $1.17, or 2.3 percent, to end at $50.43. WTI's December contract, which will be front-month from Friday, shed $1.19 to settle at $50.63.
read more... 21/10/2016
Daily: French spot electricity price at 76.63 euros/MWh on falling temperatures
Crude oil prices rallied over 2 percent on Wednesday, with WTI crude reaching the highest level in 15 months after the government unveiled an unexpected large decline in stockpiles for the sixth week out seven. London-traded Brent crude rose by 99 cents, or 1.9 percent, at $52.67. U.S. WTI crude for November delivery settled up $1.31, or 2.6 percent, at $51.60 a barrel for its highest settlement since July 14. Its session high of $51.93 was the highest in 15 months.
read more... 20/10/2016
Daily: Crude oil prices increase on expectations of OPEC output cut
Oil prices finished higher on Tuesday on expectations of OPEC output reduction, then continued gains in post-settlement trade after the American Petroleum Institute (API) indicated an unexpected draw in U.S. crude stockpiles last week. Brent crude rose 16 cents, or 0.3 percent, to settle at $51.68 a barrel. It climbed to as high as $52.15 after the API figures. U.S. West Texas Intermediate (WTI) crude closed the session up 35 cents, or 0.7 percent, at $50.29. In post-settlement trade, it hit $50.78.
read more... 19/10/2016
Daily: French spot power contract up 51% due to nuclear outages
Crude oil prices ended down on Monday, dragged down by oversupply worries, with a rally in trade volume leading U.S. prices below $50, but losses were capped as U.S. shale oil production was expected to fall. Brent crude declined 43 cents, or 0.8 percent day-on-day to close at $51.52 per barrel, after hitting a session low of $51.16 a barrel. U.S. West Texas Intermediate (WTI) settled at $49.94 per barrel, down 41 cents, or 0.8 percent, after reaching a session low of $49.47.
read more... 18/10/2016