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Daily: Crude oil prices settle up on dollar depreciation

Crude oil prices recovered on Friday, with Brent snapping two consecutive weeks of losses and WTI crude boosting 4 percent following dollar depreciation on interest rate uncertainty. Oil prices also received support from Iran’s ambition to strike a nuclear deal with world powers. Brent price for front-month delivery rose by 89 cents, or 4 percent, to settle at $55.32 a barrel. It posted a 1.2 percent gain on the week. U.S. crude for April delivery increased by $1.76, or 1.6 percent, to close at $45.72. It gained 2 percent on the week.

read more... 23/03/2015

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Daily: WTI crude hits 6-year low on higher inventories, Iran talks

Crude oil declined 2 percent on Monday, with U.S. crude striking six-year lows, on signs of stronger output in the United States and Libya and an eventual nuclear deal that could put an end to sanctions for Iran. Brent's expiring front-month contract eased $1.23 to settle at $53.44 a barrel, touching a six-week low of $52.50 earlier. WTI crude futures dropped 96 cents to close at $43.88. It had slipped nearly $2 earlier to a March 2009 low of $42.85.

read more... 17/03/2015

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Hungary-Russia nuclear agreement hits EU objection

Hungary's plan of 10 billion euro ($10.6 billion) to develop its Soviet-era Paks nuclear power plant in a transaction with Russia has encountered a hurdle in the European Commission that might force Budapest to review the terms, as stated by EU sources on Thursday.

read more... 13/03/2015

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Daily: Crude oil prices tumble in a volatile trade, on stronger dollar, nuclear deal pursuit and supply concerns

Crude oil prices settled lower on Thursday on a volatile trade, as a stronger dollar and Washington’s pursuit of a nuclear deal with Tehran offset previous gains from supply concerns in Libya and Iraq. Brent dropped 7 cents to close at $60.48 a barrel, after soaring more than $1 earlier. U.S. crude declined 77 cents at $50.76, after rallying to $52.40 earlier.

read more... 06/03/2015

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Daily: European power prices diverge, with German up and French flat

U.S. oil futures boosted on Wednesday and Brent pared losses as OPEC member Iran announced that it set against a schedule for a freeze of nuclear activities, move that pushed up crude which was dragged down by strong U.S. inventories. U.S. crude rose by $1.01 to settle at $51.53 a barrel, reversing a near $1 decline from earlier in the day. U.S. oil futures boosted on Wednesday and Brent pared losses as OPEC member Iran announced that it set against a schedule for a freeze of nuclear activities, move that pushed up crude which was dragged down by strong U.S. inventories. U.S. crude rose by $1.01 to settle at $51.53 a barrel, reversing a near $1 decline from earlier in the day. Brent decreased 47 cents to close at $60.55 a barrel, after slipping more than $1.50 earlier.

read more... 05/03/2015

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