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Daily: Oil hits 4 week high above $112
Brent crude oil beat a four-week new record, higher than $112 per barrel on Wednesday, after the US Congress approved a deal to prevent a fiscal crisis, while promising data from top energy consumer China also supported prices.
read more... 03/01/2013
Daily: Brent and U.S. crude climb on U.S. fiscal talks
Brent crude rose 2.1 percent to settle at $111.07 in thin trade as investors hoped that U.S. lawmakers would come up with a last-minute deal to prevent a fiscal crisis in the world's largest oil consumer. Meanwhile, Brent crude added 81 cents to $109.61 a barrel by 12:30 GMT, after settling 17 cents lower on Monday, the last trading day before Christmas.
read more... 27/12/2012
Daily: Brent and U.S. crude settle lower as fiscal deal optimism lessens
Brent and U.S. crude oil futures declined more than 1 percent on Friday on hesitating efforts to negotiate a U.S. budget which intensified fears that a deal would not get done to avoid mandated tax hikes and spending cuts that could curb the economy and demand for petroleum. Meanwhile, Brent February crude dropped $1.23, or 1.12 percent, to settle at $108.97 a barrel, having traded from $108.66 to $110.28. U.S. February crude futures eased by $1.47, or 1.63 percent, to settle at $88.66 a barrel.
read more... 24/12/2012
Daily: German power hits new lows on weaker spot prices
Front-month Brent climbed by $1.52 to settle at $110.36 a barrel on Wednesday, recording the biggest one-day gain since Nov. 19, while expiring U.S. January crude futures climbed $1.58, or 1.80 percent, to settle at $89.51 a barrel, having traded from $87.81 to $89.90, as expectations that a deal will be reached to avert the U.S. "fiscal cliff", brought support to demand.
read more... 20/12/2012
Daily: Brent and U.S. crude boosts on hopes for U.S. budget deal to avert cliff
Brent and U.S. crude oil futures settled higher on Tuesday following sign of progress in talks to resolve the U.S. budget debate which attenuated concerns about looming mandated tax hikes and spending cuts that investors worry might slow the economy and hit oil demand. Meanwhile, Brent February crude climbed $1.20, or 1.11 percent, to settle at $108.84 a barrel, having traded from $107.93 to $108.95. U.S. January crude increased 73 cents, or 0.84 percent, to settle at $87.93 a barrel, having traded from $87.21 to $88.16.
read more... 19/12/2012