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Daily: European spot power prices mixed on warmer weather in Germany, colder in France
Crude oil prices settled slightly higher on Wednesday, but gains were slashed by lower oil demand growth previsions and solid supplies. Spot Brent crude oil futures ended 53 cents higher at $103.49 after trading as high as $104.10. Brent contract for July delivery expires on Thursday. August Brent crude oil futures closed the day at $103.56, up 59 cents. Meanwhile, front-month U.S. crude oil futures settled 50 cents higher at $95.88.
read more... 13/06/2013
Italy: Electricity consumption down 3.4% in May
According to the Italian power grid operator Terna, Italy’s electricity consumption was down 3.4% last month in comparison to the year before, to 25.3 billion kWh. The drop in electricity demand is due to the crisis, but the good news is that Italy now has an abundance of energy, which is reflected positively on prices.
read more... 10/06/2013
Daily: EUAs hit 7-week high on strong appetite for CO2 permits
Brent crude oil futures dropped below $102 a barrel on Tuesday following weak U.S. manufacturing data from the previous day which intensified worries about demand growth in the world’s biggest oil consumer. Meanwhile, Brent crude for July delivery shed 18 cents to $101.88 a barrel by 10:29 GMT, after settling $1.67 higher in the previous session. In the same time, U.S. oil dropped 42 cents at $93.03 on Tuesday.
read more... 05/06/2013
Daily: Brent crude trades above $102 on weaker dollar
Brent crude oil futures traded about $102 a barrel on Friday as the dollar weakened on hopes the U.S. Federal Reserve would maintain its stimulus measures, curbing demand worries coming from an unexpected rise in crude stockpiles in the top oil consumer.
read more... 03/06/2013
Daily: European spot power prices drop on low pre-holiday demand
Crude oil futures dropped nearly by 2 percent on Wednesday as U.S. stock markets dropped from recent record levels and as investors worried about an uncertain demand outlook for the world economy amid weak growth forecasts for China.
read more... 30/05/2013