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Daily: European power futures hit a new record low pressured by weak carbon prices
Crude oil prices declined 3 percent on Monday, finishing down for a third consecutive day, dragged down by concerns that U.S. crude inventories have hiked to new record highs, while a Saudi-Venezuela meeting to spur prices showed no tangible progress. U.S. crude traded below $30 a barrel, ending down $1.20 at $29.69. Global crude benchmark Brent eased $1.18 to settle at $33.88.
read more... 09/02/2016
Daily: Crude oil settles down in volatile trade ahead of top oil producers meeting
Crude oil prices settled down on Friday, snapping two weeks of gains, as speculations about a possible agreement between top oil producers defied concerns about intensifying supply glut. Global benchmark Brent crude futures fell 40 cents or 1.2 percent to close at $34.06 a barrel, after trading between $35.14 and $33.81. U.S. crude futures declined 83 cents or 2.6 percent lower, to close at $30.89 a barrel, after hitting a peak of $32.45. The contract shed slightly lower to $30.63 in post-settlement trading.
read more... 08/02/2016
Daily: European prompt power price soar amid lower wind and solar output
Crude oil tumbled 2% in volatile trading on Thursday, as support from a depreciating dollar was eclipsed by speculation about possible talks the Organization of the Petroleum Exporting Countries and other oil producers to jointly cut output. Brent futures declined 1.6 percent, or 58 cents, to settle at $34.46 a barrel, after fluctuating between $34.15 and $35.84. WTI crude also ended lower, down 56 cents, or 1.7 percent, at $31.72 after swinging between $31.53 and $33.60.
read more... 05/02/2016
Daily: Oil crude soars 8% on depreciating dollar
Crude oil prices hiked 8 percent on Wednesday, snapping two days of declines, after investors took advantage of a depreciating U.S. dollar, dragged down by data showing a surprisingly increase in U.S. crude stockpiles to record highs. WTI crude posted one its biggest gains in five months, boosting $2.40, or 8 percent, to settle at $32.28. Brent futures soared $2.32, or 7.1 percent, to close at $35.04 a barrel, after increasing as high as $35.11.
read more... 04/02/2016
Weekly Review: Crude oil price rose to the peak in three weeks, hopes for output cut
Crude oil rose to their highest in three weeks on hopes for a pact among oil producers to cut output, while the US dollar slipped on bets that interest rate hikes by the Federal Reserve would be more gradual than it has suggested. Brent crude oil was still pressured by ample supplies and evidence showed that more North Sea crude will be heading out of the region in February.
read more... 01/02/2016