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Daily: European forward power prices rally to seven-week high on stronger gas, coal price, upbeat macroeconomic data
Crude futures increased by about 2 percent on Tuesday, with the bounce attributed to technical price triggers, expectations for a weekly decline in U.S. crude supplies and gasoline demand. However, a stronger dollar did little to temper the hike. Brent crude futures rose by $1.11, or 1.8 percent, to close at $64.45 a barrel. U.S. crude futures closed at $61.01, up 63 cents, or 1 percent.
read more... 24/06/2015
Daily: European spot prices decline since demand drops
Oil prices insignificantly changed in thin trade on Friday, with a prediction of higher output by U.S. shale oil producers this year adding to fears over demand and preventing the market from prolonging the prior session's gains.
read more... 19/06/2015
Daily: British prompt gas prices firm on higher demand, undersupply
Crude oil prices declined in agitated trading on Monday as the Greek debt crisis intensified concerns about demand for petroleum in Europe and as the U.N. launched talks to try to bring peace in Yemen, where Saudi Arabia, the de facto OPEC leader is engaged in a civil war. Expiring front-month Brent for July delivery lost $1.26 to settle at $62.61 a barrel. Brent for August delivery eased 69 cents to close at $63.95. WTI crude for July delivery decreased by 44 cents to settle at $59.52, after trading in a range of $58.73 to $59.98.
read more... 16/06/2015
Daily: Crude oil prices decline on stronger dollar, concerns about Greek debt
Crude oil prices declined on Thursday as players took profits from the previous two days of gains, declining after the dollar’s appreciation against euro on Greek debt concerns weighted on demand for commodities. Both U.S. and Brent crude futures eased more than $1 a barrel before paring losses on short-covering. Brent fell 59 cents, or about 1 percent, to close at $65.11 a barrel, after plunging at an intraday low of $64.50. WTI crude dropped 66 cents, or 1 percent, to end at $60.77, after a session low at $60.21.
read more... 12/06/2015
Daily: Crude oil rallies for a second consecutive day on U.S. inventory draw; gasoline at 7-month high
Oil hiked for a second straight day on Wednesday, with U.S. crude approaching to a one-month high and gasoline reaching its highest price since November, as a considerable U.S. stocks drawdown increased the outlook for summer fuel demand. U.S. crude inched up $1.29, or 2.1 percent, to close at $61.43 barrel, after touching a May 13 high of $61.82. Brent crude settled at $65.70, up 82 cents, or 1.3 percent. Its session peak was $66.36.
read more... 11/06/2015