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Daily: Crude oil fell sharply on increasing U.S. stockpiles
Crude oil futures dropped considerably on Thursday as increasing stockpiles in the United States pressured both Brent and WTI and countered expectations for rebounding demand. Brent crude for April delivery decreased by $1.58, or 2.56 percent, to settle at $60.05 a barrel, off a $62.63 intraday peak. On Wednesday, Brent rallied 5 percent. U.S. crude for April delivery declined by $2.82, or 5.53 percent, to close at $48.17, after soaring 3.47 percent on Wednesday.
read more... 27/02/2015
Daily: European power prices rally after “positive” EU carbon vote
Brent crude futures soared 5 percent on Wednesday, after Saudi Arabia’s oil minister said oil demand was increasing and figures showed Chinese factories were producing more than projected. Brent crude for April delivery boosted $2.97 to settle at $61.63 a barrel. WTI April crude climbed $1.71 to close at $50.99.
read more... 26/02/2015
Daily: Crude oil prices rally for the third consecutive day on OPEC forecasts for larger crude demand
Crude oil rebounded for a third consecutive session on Monday on OPEC’s forecasts for stronger demand for this year than previously thought and on expected lower supply from countries outside the producer cartel. Benchmark Brent oil futures rose by 54 cents, or nearly 1 percent, to close at $58.34 a barrel, after jumping to $59.61 at one point. WTI crude futures increased by $1.17, or 2.3 percent, to close at $52.86 after a session peak at $53.99.
read more... 10/02/2015
France demands EDF for tax transparency in foreign operations
The French government has required state-owned utility EDF to be clear about its foreign operations to guarantee that none were established to avoid taxes, as stated by the finance ministry on Sunday.
read more... 09/02/2015
Daily: Crude oil jump over 4 percent on Libya attack, China monetary easing
Crude oil futures settled up over 4 percent on Thursday as intensified violence in oil producer Libya and a monetary easing by China’s central bank that could increase oil demand provided support. Benchmark Brent crude futures increased by $2.41, or 4.5 percent, to close at $57.57 a barrel. WTI futures rose by up $2.03, or 4.2 percent, to close at $50.48.
read more... 06/02/2015