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Daily: Crude oil prices diverge, with Brent up and WTI down 2 %

Crude oil prices diverged on Tuesday, with Brent ending up, while WTI lost 2 % after a partial pipeline outage and bets of upbeat U.S. stockpiles data which helped oil compensate some of Tuesday’s pessimistic sentiment due to weak inventories on Wall Street. Brent's front-month contract for November delivery rose by 16 cents, or 0.3 percent, to close at $49.08 a barrel. U.S. crude's October contract declined 85 cents, or 1.8 percent, to settle at $45.83 before expiring as the front month. The November contract decreased 60 cents to touch $46.46.

read more... 23/09/2015


Daily: Brent crude up 4 %, on equity rally, WTI down

Brent crude rose by 4 percent on Tuesday as equity markets rally helped the global oil benchmark recover the bulk of its losses from the previous session. WTI crude declined slightly in volatile trade, reopening from Monday’s U.S. market close for the Labor Day holiday to news of refinery outages. Gains in Brent hiked in New York after the European equities rally expanded to Wall Street. London-traded Brent boosted $1.89 to settle at $49.52 a barrel, and traded at $49.50 by 4:35 p.m. EDT (2135 GMT) in post-settlement trade. It slipped $1.98 in the previous session. U.S. crude lost 11 cents, or almost a quarter percent, to close at $45.94, and stood at $45.86 by 4:35 p.m. It had shed almost $2 earlier in the session.

read more... 09/09/2015


Daily: Crude oil rebounds from multi-month lows after a refinery outage in the U.S

Crude oil prices rebounded on Monday, up 4 percent after a hike in U.S. gasoline and diesel due to a refinery outage helped crude futures recover from multi-month lows. Brent boosted 3.7 percent, recording its largest gain since end-May. U.S. crude jumped 2.5 percent, its highest in two months. Brent crude advanced $1.80 to close at $50.41 a barrel. WTI crude added $1.09 to settle at $44.96 a barrel.

read more... 11/08/2015


Daily: Crude oil futures diverge, with Brent up on British outage

Front-month Brent crude prices jumped on Thursday after a power outage cut production at Britain’s largest oil field and as the August contract was close to expiration. U.S. crude futures declined after giving up gains reacting to data from industry intelligence firm Genscape showing stronger crude stockpiles at the Cushing, Oklahoma hub. Expiring Brent August crude boosted 46 cents to close and go off the board at $57.51 a barrel, having touched $58.21. September Brent crude dropped 20 cents to hit $56.92, off its $58 intraday peak. U.S. crude for August delivery eased 50 cents to settle at $50.91, having fluctuated from $50.34 to $52.71.

read more... 17/07/2015


Daily: British spot gas prices firm after an outage at a Norwegian gas-processing plant

Crude oil futures declined more than 1 percent on Wednesday after a government report indicating an eight consecutive weekly draw in U.S. crude inventories was offset by a considerable increase in refined products. Brent futures fell 96 cents, or 1.5 percent, to settle at $63.49 a barrel. U.S. crude tumbled 74 cents, or 1.2 percent, to close at $60.27.

read more... 25/06/2015