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Daily: Brent and U.S. crude decline on indecisive Italian elections results
Brent and U.S. crude oil futures dropped on Tuesday as indecisive Italian election results increased investors’ worries about instability in the euro zone and threatened the outlook for fuel demand.
read more... 27/02/2013
Daily: UK gas prices climb on colder weather, undersupplied system
Brent crude oil futures increased on Monday, backed by data indicating a high demand for imported crude in China in January, but uncertainty about Italy’s election capped oil from its early peak. Meanwhile, Brent April crude climbed 34 cents, or 0.30 percent, to settle at $114.44 a barrel, having traded from $113.73 and $115.87.
read more... 26/02/2013
Supply problems in world oil market
A number of real and threatened supply problems are helping support oil prices this year, despite a weakening outlook for the world economy and slower growth in global fuel demand. More than 1 million barrels per day (bpd) of supply is estimated to be offline - 1.1% of daily world demand - including Libyan output yet to return to service.
read more... 26/02/2013
Daily: Oil slips below 114 dollars on Chinese data
Brent oil fell below $114 a barrel on Monday on concern about China’s demand growth as manufacturing activity in the world’s second-biggest oil consumer pulled back from two-year highs. Brent increased 42 cents to $114.52 a barrel by 0905 GMT. Meanwhile U.S. oil rose 30 cents to $93.43, after falling to as low as $92.96, near a more than one-month trough of $92.44 hit in the previous session.
read more... 25/02/2013
Daily: UK gas increases on weaker pipeline flows, higher heating demand
Brent and U.S. crude oil futures boosted on Tuesday following OPEC’s monthly released report showing an optimistic outlook for the amount of crude that group experts have to produce in 2013 in order to keep supply and demand in equilibrium.
read more... 13/02/2013