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Daily (04.01.2017): Oil plunges 2% pressured by U.S. dollar rally
Crude oil prices declined over 2 percent on the first trading day of 2017, reversing the 18-month highs attained in early trade as the U.S. dollar surged to its highest level since 2002 and traders took profits.
read more... 04/01/2017
Daily (03.01.2017): Brent posts a 52% annual increase
Crude oil prices ended with modest losses in the final trading session of 2016 on Friday, but posted the largest annual gain since 2009 after the landmark deal reached by OPEC and several non-OPEC members to slash output.
read more... 03/01/2017
Rosneft and BP achieve dissolution of the refining joint venture Ruhr Oel GmbH in Germany
Russian oil giant Rosneft and its shareholder BP unveiled the completion of the deal to dissolve the refining and petrochemical Joint Venture Ruhr Oel GmbH (ROG) in Germany with effect from January 1, 2017.
read more... 30/12/2016
Daily (30.12.2016): Crude oil prices tumble after a surprise build in U.S. crude stockpiles
Crude oil futures tumbled on Thursday after an unexpected increase in U.S. crude stockpiles reversed gains in prices that drove contracts to their highest levels since July last year.
read more... 30/12/2016
Daily (29.12.2016): Crude oil prices close to their highest levels since mid-2015
Crude oil prices rebounded for a fourth consecutive day on Wednesday, close to their highest levels since mid-2015, ahead of the publication of U.S. oil stockpiles figures and as the market awaits evidence of OPEC supply cuts in the new year. U.S. WTI crude oil futures rose by 16 cents to close at $54.06 a barrel, not far from the year's high of $54.51 hit on December 12. Brent crude futures gained 13 cents to close at $56.22 a barrel. The international benchmark reached $57.89 on December 12, its highest since level July 2015.
read more... 29/12/2016