Crude oil settled lower on Monday after hitting a four-month high last week on U.S. services sector growth. Brent and U.S. crude each declined more than $1 earlier in the session on Iranian new president attempts to warm relations with West. Brent crude dropped 25 cents to end at $108.70 a barrel after earlier dropping as much as $1.40 to $107.55. Meanwhile, U.S. crude oil futures declined 38 cents to settle at $106.56 a barrel after earlier falling to $105.70.
read more... 06/08/2013
Brent crude remained unchanged below $ 108 a barrel on Friday, after retreating from a three-month high in the previous session as the expectations of more supply from non-OPEC producers and concerns about China's demand growth cut gains. Meanwhile, Brent crude for August delivery dropped 8 cents to $107.65 a barrel by 04:58 GMT, after hitting a low of $107.28. U.S. crude traded at $104.84, down 7 cents, remaining on track for a third weekly increase. It registered a considerable decline in nearly three weeks on Thursday after touching a 16-month high at $107.45, following fears of a supply squeeze at the contract's delivery point in Cushing, Oklahoma, eased on a pipeline outage.
read more... 15/07/2013
Brent crude shed toward $110 a barrel on Wednesday, declining for a second straight day as increasing oil inventories in the United States and recent pessimistic data fuelled worries about demand from the world's top consumer. U.S. crude oil prices were under pressure on worries about a prolonged pipeline outage in the Midwest.
read more... 04/04/2013
Crude oil futures were mixed on Tuesday on concerns about demand and the possibility of a prolonged pipeline outage in the U.S. Midwest.
read more... 03/04/2013
Crude oil prices increased on Wednesday in choppy trading as U.S. oil for heating hiked on declining distillate inventories, while increasing crude oil stockpiles in the U.S. and the firmer dollar capped gains.
read more... 28/03/2013