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Daily: Brent ends flat after terror attack in Belgium, WTI closes down on stockpiles hike
Brent oil prices closed flat on Tuesday after terror attacks in Belgium, while U.S. crude futures declined, then prolonged losses in post-settlement trade on industry figures indicating larger than expected increases in domestic stockpiles. Brent crude rose 6 cents at $41.60 a barrel in post-settlement trade, after closing the session 25 cents higher at $41.79. The front-month contract of WTI crude fell 30 cents at $41.22 a barrel by 5:05 p.m. EST (2105 GMT), after the release of API report. It settled just 7 cents down at $41.45, after attaining a 2016 high of $41.90 earlier.
read more... 23/03/2016
Daily: Oil rebounds on crude stockpiles withdrawal at Cushing hub
Crude oil prices boosted about 1 percent on Monday after figures indicated crude stockpiles at the Cushing, Oklahoma delivery hub plunged for the first time since January and ahead of the expiration of the U.S. front-month contract. However, oil increase was capped by worries that U.S. energy companies could boost drilling again after a two-month long recovery in crude prices. Brent crude futures for May delivery rose 34 cents, or 0.8 percent, to settle at $41.54 a barrel. Brent has rebounded 53 percent from 12-year lows of $27.10 attaint on January 20. U.S. crude's futures for April delivery climbed 47 cents, or 1.2 percent, to close at $39.91, expiring as the front-month.
read more... 22/03/2016
Oil-rich Iraq starts exporting first natural gas shipment in its history
Iraq on Sunday has begun exporting first shipment of natural gas condensate in its history, according to an Iraqi government spokesman.
read more... 21/03/2016
Daily: German forward power prices boost following firmer oil and coal
Crude oil prices declined on Friday after the U.S. oil rig number increased for the first time since December, resuming concerns of a supply glut after an output freeze plan helped drive the market to 2016 peaks and multi-week gains. Brent crude lost 24 cents at $41.30 a barrel, having boosted $1 earlier to a 2016 high of $42.54. U.S. crude for April delivery closed at $39.44 a barrel, fell 76 cents, or 1.89 percent, after soaring $1 earlier to a year peak of $41.20.
read more... 21/03/2016
Daily: Crude oil prices hit the highest level in 2016 amid output freeze hopes
Crude oil prices soared to 2016 highs on Thursday, with WTI crude increasing 5 percent to break the $40 threshold, on optimism that top producers will reach an output freeze deal next month amid boosting crude exports and gasoline demand in the United States. On Thursday, the front-month in U.S. crude's West Texas Intermediate (WTI) futures rose $1.74, or 4.5 percent, to settle at $40.20, after attaining a 2016 high of $40.26. Brent crude's front-month increased $1.21 to close at $41.54, after earlier attaining the year's high of $41.60.
read more... 18/03/2016