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Daily: Oil dives 4% on fears about Britain exit
Crude oil prices dipped 4 percent and reached one-month lows on Thursday, ending down for a sixth consecutive day, on worries about global economic turmoil if Britain exits the European Union. However, oil pared losses as the sterling appreciated, but crude fell again in post-settlement trade to hit fresh lows on the day. Brent crude futures' front-month contact closed down $1.78, or 3.6 percent, at $47.19 per barrel. The front-month in U.S. West Texas Intermediate (WTI) crude futures lost $1.80, or 3.8 percent, to settle at $46.21 a barrel.
read more... 17/06/2016
Daily: Crude oil prices plunge for the fifth straight day on Brexit fears, Fed rate hikes
Crude oil prices dipped for a fifth consecutive session on Wednesday on fears that UK might leave the European Union, while the U.S. Federal Reserve announced plans for two U.S. rate hikes this year despite sluggish growth expectations. Brent crude futures for front-month delivery fell 86 cents, or 1.7 percent, to settle at $48.97 a barrel. The front-month in U.S. crude's West Texas Intermediate (WTI) futures lost 48 cents, or 1 percent, to close at $48.01 per barrel.
read more... 16/06/2016
Daily: European spot electricity prices evolve differently; low wind power output spurs French prices
Crude oil prices declined about 2 percent in prolonged trading on Tuesday as figures indicated an unexpected build in U.S. crude stockpiles last week, adding to the destabilization of global financial markets before the British referendum whether to leave the European Union. Brent and U.S. crude extended losses in post-settlement trading, both falling by more than $1 a barrel each. Prices tumbled for the fourth straight day with Brent down 52 cents to settle at $49.83 a barrel, while U.S. crude lost 39 cents to close at $48.49.
read more... 15/06/2016
Daily: British gas spot price fell over 10 percent on oversupply and new LNG shipments
Crude oil prices declined on Monday, dragged down by U.S. dollar appreciation and pessimistic economic outlook in Europe and in Asia, but gained ground due to ongoing outages in Nigeria. Brent crude oil futures eased 19 cents, or 0.4 percent, to settle at $50.35 per barrel, while U.S. crude declined 19 cents, or 0.4 percent, to end at $48.88 a barrel.
read more... 14/06/2016
Daily: Crude oil prices fell 3% on U.S. oil rig count increase
Crude oil prices closed down 3 percent on Friday after figures indicating the U.S. oil rig count bounding for a second consecutive week and the appreciating dollar weighted on demand for greenback-denominated crude futures. Brent's front-month eased $1.41 to close at $50.54 a barrel, declining 2.7 percent for its largest drop in a month. The front-month in U.S. crude's West Texas Intermediate (WTI) futures lost $1.49 to $49.07, down 3 percent, marking the largest decline since early April.
read more... 13/06/2016