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Daily: Crude oil prices surge after Canada’s blaze curbed production
Crude oil prices rallied on Thursday after a violent wildfire near Canada’s oil sands region slashed output to the United States. Crude oil futures rose 5 percent before paring gains. Their decrease came as the dollar increased 0.6 percent, its most in three weeks. Brent futures advanced 39 cents, or 0.9 percent, to close at $45.01 a barrel. U.S. crude's West Texas Intermediate (WTI) futures boosted 54 cents, or 1.2 percent, to close at $44.32.
read more... 06/05/2016
Daily: European forward power prices rebound on higher fuels prices ahead of Ascension holiday
A larger-than-expected increase in U.S. crude stockpiles dragged oil markets down on Wednesday after an early hike over worries about output reductions in Canada’s oil sands region following a conflagration. U.S. crude futures close at $43.78 a barrel, up 13 cents or 0.30 percent, while Brent crude fell 35 cents or 0.78 percent, to settle at $44.62 a barrel.
read more... 05/05/2016
Daily: British spot gas prices decline on warmer weather, Rough outage
Oil prices tumbled for a second day on Tuesday, receding further from the year's highs reached the previous week, as increasing production renewed worries about the global glut of crude, the U.S. dollar recovered and equity markets weakened. Brent crude futures eased 86 cents, or 1.9 percent, to settle at $44.97 a barrel. U.S. crude's West Texas Intermediate (WTI) futures declined $1.13, or 2.5 percent, to close at $43.65.
read more... 04/05/2016
Daily: Oil losses 3 percent on OPEC production rally, record speculative buying in Brent
Crude oil prices declined about 3 percent on Monday as the output from the Organization of the Petroleum Exporting Countries approached all-time highs and record speculative buying in international benchmark Brent triggered profit-taking on last month's considerable hike. Brent crude for July delivery lost $1.54, or 3.3 percent, to settle at $45.83 per barrel, touching a session low at $45.72. WTI fell $1.14 cents, or 2.5 percent, to close at $44.78 a barrel, after attaining an intraday low at $44.54.
read more... 03/05/2016
Daily: Crude oil prices rebounds 2% despite oversupply
Crude oil prices rose by 2 percent on Thursday, reaching 2016 highs for a third consecutive day as a weaker dollar had ignored robust U.S. crude stockpiles and relentless pumping by major producers. Brent increased by 96 cents at $48.14 a barrel, after attaining a 2016 high of $48.19. WTI crude ended up 70 cents at $46.03, after a year-to-date peak at $46.14.
read more... 29/04/2016