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Daily: Oil prices down on unexpected increase in U.S crude and distillate stockpiles
On Wednesday crude oil prices lost around 3 percent as U.S crude and distillates stockpiles registered an unexpected big increase, with analysts predicting lower levels. After rising more than 11 percent in August oil prices are again under pressure. Brent crude settled at $47/barrel, down 2.7 percent from yesterday, meanwhile WTI crude closed the session at $44.70/barrel, down over 3.5 percent.
read more... 01/09/2016
Daily: British gas prices down on strong domestic supply
Oil prices declined on Tuesday, with Brent decreasing about 2 percent following the dollar's recovery and worries over an oversupplied market situation amid forecast for higher U.S crude stockpiles. According to the latest statements, Iran is close to reach peak production. Brent crude futures decreased to $48.37 per barrel, down by 89 cents, or 1.8 percent, while U.S. West Texas Intermediate (WTI) crude futures settled at $46.35, down by 63 cents, or 1.3 percent.
read more... 31/08/2016
Daily: Spot power prices increased on lower wind in Germany, nuclear supply in France
Oil prices decreased more than 1 percent yesterday on renewed worries over an oil oversupply, a stronger dollar and hopes that Nigerian insurgents will stop hampering country's crude production. Brent crude decreased 66 cents arriving at $49.26 a barrel, down 1.3 percent. U.S. West Texas Intermediate (WTI) crude diminished 66 cents, or 1.4 percent, at $46.98.
read more... 30/08/2016
Daily: UK prompt gas prices fell on Friday due to an oversupplied system
On Friday, oil prices remained generally unchanged in a volatile session, as traders responded to comments from Fed Chair Janet Yellen and rumors of missile activity in Saudi Arabia. Brent crude futures increased by 25 cents or 0.5 percent arriving at $49.92, while U.S. crude oil prices ended the session at $47.64 up 31 cents.
read more... 29/08/2016
Daily: German power prices rose on lower wind and solar production
On Thursday oil prices were up 1 percent on U.S.-Iran military tensions in the Gulf and rumors that the dollar will drop according to a monetary policy speech made by the head of U.S. Federal Reserve. Brent crude futures increased by 62 cents, or 1.3 percent, at $49.67 a barrel. U.S. West Texas Intermediate (WTI) futures augmented by 56 cents, or by 1.2 percent, arriving at $47.33.
read more... 26/08/2016