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Closure of British Rough gas storage facility extended into 2017
The closure of British largest gas storage facility, Rough, was prolonged into March or April 2017 on Friday, increasing fears that Britain could enter winter season with record low inventories and soaring gas prices.
read more... 18/07/2016
Daily: Crude oil prices slightly up on improved demand perspectives
Crude oil prices boosted modestly on Friday, ending the week higher, after figures from top energy consumers the United States and China spurred the oil demand outlook. Brent crude futures rose 24 cents, or 0.5 percent, to close at $47.61. It eased as much as 1.5 percent earlier to a session low of $46.65 and boosted as high as $48.05. U.S. West Texas Intermediate (WTI) futures increased 27 cents, or 0.6 percent, to close at $45.95 a barrel. The intraday low was $45.05 and it attained a peak of $46.31 during the session.
read more... 18/07/2016
Daily: German power spot prices dropped on high wind load
Oil markets decreased by more than 4 percent on Wednesday, cutting most of the previous session's gain, since a raft of bearish U.S. inventory data intensified worries about a global surplus.
read more... 15/07/2016
Daily: Crude oil prices decline 4% on U.S. pessimistic inventory data feeding glut
Crude oil prices declined over 4 percent on Wednesday, slashing most of the previous session’s gains, as a set of downbeat U.S. stockpiles data spurred fears about a global oversupply. U.S. crude inventories dropped less than expected last week, according to the Energy Information Administration (EIA). Brent crude lost $2.21, or 4.6 percent, to settle at $46.26 a barrel. U.S. crude eased $2.05, or 4.4 percent, to end at $44.75.
read more... 14/07/2016
Daily: European spot power prices climb on weak wind supply outlook
Crude oil prices hiked 5 percent on Tuesday, the largest daily gain since April, as investors’ covering of short positions and a technical recovery helped to rebound the market from two-month lows. U.S. crude's West Texas Intermediate (WTI) futures rose $2.04, or 4.6 percent, to settle at $46.80 a barrel. Brent crude futures increased $2.22, or 4.8 percent, to close at $48.47.
read more... 13/07/2016