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Daily: Europe prompt power prices increase on colder weather forecasts
Crude oil prices declined on Friday as a stronger dollar spurred investors to take profit on a second week of gains and a persistent supply concerns. Global benchmark Brent crude eased 9 cents to settle at $48.72 a barrel, while U.S. crude shed 41 cents to close at $47.75 per barrel.
read more... 23/05/2016
Daily: British gas prices continue to decline on higher supplies, weaker oil
Crude oil prices ended flat on Thursday as concerns about Canadian and Nigerian supply outages curbed the impact of a firmer dollar, which has increased on expectations that the Federal Reserve will raise interest rates next month. Brent's front-month contract, for July delivery, eased 12 cents to settle at $48.81 a barrel. It had declined $1.55, or more than 3 percent, to $47.38 a barrel during the session. WTI's June contract fell 3 cents to end at $48.16 a barrel, expiring as the front-month. It slipped to $46.73 earlier.
read more... 20/05/2016
Daily: Crude oil prices retreat from 2016 highs on Fed rate increase speculation
Crude oil prices retreated from 2016 highs and breaking a two-day hike on Wednesday, dragged down by a stronger dollar after the U.S. Federal Reserve unveiled it could increase rates next month. Brent and U.S. crude's West Texas Intermediate (WTI) futures had boosted closer to $50 a barrel on Wednesday after large gasoline and distillate withdrawals were announced by the U.S. Energy Information Administration (EIA). Brent crude eased 35 cents to settle at $48.93 a barrel. WTI fell 12 cents to close at $48.19 a barrel after hitting $48.95 - its highest level since mid-October.
read more... 19/05/2016
Daily: U.S. WTI crude hits the highest level in seven months at $48.31/bbl
Crude oil prices rebounded for a second consecutive day on Tuesday, with U.S. futures attaining seven-month, on expectations of a decline in U.S. crude inventories and a new wildfire risk on Canadian oil supplies. U.S. WTI crude jumped 59 cents, or 1 percent, to end at $48.31 a barrel. The session high was $48.42 while the post-settlement peak was $48.76. Brent crude rose by 31 cents to settle at $49.28, reaching a six-month high of $49.58. In after-hours trade, it hit $49.75.
read more... 18/05/2016
Daily: Crude oil rockets at six-month highs on supply disruptions, Goldman forecast
Crude oil prices attained six-month highs on Monday on concerns about global supply disruptions and after Goldman Sachs said the market had ended almost two years of oversupply and flipped to a deficit, although an inventory increase at the U.S. storage hub for crude futures curbed gains. Brent crude futures rose $1.14, or 2.4 percent, to settle at $48.97 per barrel. It hiked to $49.47 earlier, its highest level since early November, in a trade towards $50. U.S. crude's West Texas Intermediate (WTI) futures boosted $1.51, or 3.3 percent, to close at $47.72 after reaching a six-month high at $47.85.
read more... 17/05/2016