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Daily Energy Overview, Thursday, March 03, 2011
U.S. crude oil futures settled over 102 dollars on Wednesday for the first time since September 2008 as civil conflict expanded in Libya and an airstrike nearby country’s oil infrastructure deepened worries over a lasting disruption from OPEC countries.
read more... 03/03/2011
Daily Energy Overview, Wednesday, March 02, 2011
U.S. crude oil futures ended over 99 dollars on Tuesday, having hit their utmost level since September 2008 as rising turmoil in Libya kept worrying other oil producers in the Middle East and North Africa.
read more... 02/03/2011
Daily Energy Overview, Monday, February 28, 2011
Brent oil closed the week above 112 dollars a barrel on Friday, on unstable situation in Libya, down from the 2 ½ year utmost level registered on Thursday following Saudi Arabia’s decision to augment its oil output to level the market.
read more... 28/02/2011
Daily Energy Overview, Friday, February 25, 2011
U.S. and Brent crude futures dropped suddenly in the post settlement trading on Thursday after the spread of rumors that the Libyan President, Muammar Gaddafi had been shot.
read more... 25/02/2011
Daily Energy Overview, Thursday, February 24, 2011
U.S. crude stocks increased by 163,000 barrels previous week, less than Reuters analysts’ expectations for a 1.2 million barrel rise. U.S. crude futures traded 98.84 dollars a barrel on Wednesday, up 3.42 dollars. Prices for crude futures in the earlier trade hit 100 dollars a barrel the first time since October 2008 following the concerns of cuts supply in Libya and the turmoil in the Middle East.
read more... 24/02/2011