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Daily Energy Overview, Wednesday, March 09, 2011
U.S. crude oil futures traded down on Tuesday following the statement of the Kuwait’s oil minister about the OPEC’s possible increase in oil production to cover any supply deficit that could arise from the Libyan conflict. The U.S. crude for April delivery eased 42 cents to 105.02 dollars a barrel, while the ICE Brent for April delivery edged 2 percent down being traded at 113.06 dollars a barrel.
read more... 09/03/2011
Daily Energy Overview, Tuesday, March 08, 2011
U.S. crude oil futures traded up on Monday following concerns on supply disruption because of continued violence in Libya and investors’ worries that it could influence other oil producers from the Middle East and North Africa.
read more... 08/03/2011
Daily Energy Overview, Monday, March 07, 2011
U.S. crude oil futures increased to a 2-1/2 utmost level on Friday supported by civil turmoil in Libya that deepened worries about supply disruptions.
read more... 07/03/2011
Daily Energy Overview, Friday, March 04, 2011
U.S. crude oil futures prices traded down on Thursday as Venezuelan suggestion to resolve the continued civil unrest in Libya pushed traders to book profits in spite of doubts if such a proceed would work.
read more... 04/03/2011
E.ON to sell UK power grid business for £4bn to an U.S. firm
The German energy utility company, E.ON, declared on Wednesday that it has agreed to sell its UK power distribution business, Central Networks, to the US firm, PPL Corporation for £4 billion.
read more... 04/03/2011