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Daily: European prompt power rebound as German wind output is expected to halve
Crude oil declined on Monday, reversing a previous hike following the release of a survey which estimated higher OPEC production in November, while a stronger dollar dragged down the demand for commodities denominated in the currency. Brent crude futures eased 25 cents, or 0.6 percent, to settle at $44.61 a barrel. WTI futures fell 6 cents to close at $41.65, down from a session high at $42.61.
read more... 01/12/2015
Daily: Crude oil prices settle lower in light volume
Crude oil prices closed lower in light-volume in New York on Friday as the dollar rocketed to an eight-month high and a decline in Chinese equities added pressure to an oversupplied market. WTI settled down $1.33 at $41.71 a barrel, trading just over 280,000 lots after Thursday's Thanksgiving holiday. Benchmark Brent oil ended the session down 60 cents, or more than 1%, to settle at $44.86.
read more... 30/11/2015
Daily: Crude oil prices fell on continuous oversupply
Crude oil prices declined on Thursday after six days of gains, as worries that intensifying tension in the Middle East could disrupt supply vanished and the focus returned to continuous oversupply. Brent crude fell 71 cents to settle at $45.46 a barrel, having earlier decreased more than $1 to a session low of $45.00 a barrel. WTI futures eased 53 cents lower at $42.51 per barrel at 19:57 GMT, after boosting to $43.30 earlier in the session.
read more... 27/11/2015
Daily: European spot power prices climb on weaker wind supply, strong demand in France
Crude oil futures slashed previous losses to close steady on Wednesday after a smaller-than-expected supply increase in the United States and a decline in the number of U.S. rigs actively drilling for oil. Brent crude futures rose 5 cents to settle at $46.17 on Wednesday, after slipping more than $1 to a session low of $45.03. U.S. crude's WTI futures ended the session 17 cents higher at 43.04 a barrel. WTI had also shed over $1 to hit an intraday low of $41.72.
read more... 26/11/2015
Daily: European prompt power prices soar on cold spell forecasts
Brent oil edged 1% higher on Friday on short-covering before weekend, while WTI crude declined, but just above the $40-per-barrel threshold, struggling to defend after a hike in stockpiles. Brent futures rose 48 cents to close at $44.66 a barrel. It boosted to as high as $45.50 during its late rally. U.S. crude's WTI for December delivery expired on Friday down 15 cents at $40.39 after attaining a low of $38.99, the weakest since August 27. WTI for January delivery ended 18 cents higher at $41.90.
read more... 23/11/2015