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Daily Energy Overview, Monday, January 31, 2011
U.S crude oil futures increased more than 4 dollars a barrel on Friday as U.S. economy data indicated a year-on-year growth of 3.2 percent in the fourth quarter of 2010. By 17:15 GMT, prices for March delivery increased by 3.75 dollars at 88.39 dollars a barrel on the New York Mercantile Exchange, after having hit the utmost level of 89.73 dollars a barrel.
read more... 31/01/2011
Daily Energy Market Overview, Wednesday, January 27, 2011
Prices for U.S. crude oil increased over 1 percent on Wednesday, breaking down the sixth consecutive drop supported by the statement from the Federal Reserve to hold the interest rates at the same level but also left the central bank’s 600 billion dollars obligation purchasing plan intact.
read more... 27/01/2011
Daily Energy Market Overview, Tuesday, January 25, 2011
The U.S. crude stocks increased more than expected last week. Crude inventories went up by 2.1 million barrels last week as compared to the forecasted increase of 1.2 barrel, according to the Reuters report. According to the API data, U.S. crude futures eased 1.67 dollars to 86.20 dollars a barrel in the post settlement trade.
read more... 26/01/2011
Daily Energy Market Overview, Tuesday, January 25, 2011
U.S. crude oil stockpiles increased last week as imports rose and refinery use had little changed after dropping the week before. The latest increase was caused by the continuing downturn in refinery use and the return to normal work of the Alaskan pipeline. Allowances for U.S. refined petroleum products increased last week by almost 12 percent on average.
read more... 25/01/2011
Daily Energy Market Overview, Friday, January 21, 2011
According to the Energy Information Administration on Thursday, the U.S. crude oil inventories increased last week for the first time in seven weeks, pushing oil stocks up. Domestic crude stocks increased by 2.62 million barrels to 335.7 million barrels during the week as compared to expectations of 600.000 barrel, while crude imports went up 104.000 barrels per day to 8.97 million barrels per day.
read more... 21/01/2011