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Daily: Oil prices plunge 3 %, with Brent hitting seven-week low on Brexit unrest
Crude oil prices plunged nearly 3 percent on Monday, with Brent reaching seven-week lows, dragged down by rallying dollar and market uncertainty over Britain’s surprising vote to leave the European Union threatened to weaken oil’s rebound this year. Brent and U.S. crude have lost almost 8 percent since Thursday's settlement - the largest two-day drop in nearly five months after Brexit vote. Brent eased $1.25, or 2.6 percent, to settle at $47.16 a barrel. It dipped to a seven-week low of $46.69 during the session. WTI crude shed $1.31, or 2.8 percent, to close at $46.33.
read more... 28/06/2016
Brexit leaves ambiguous future for Europe’s carbon market
Britain's decision to exit the European Union has elevated a critical question about the future of the world’s largest carbon market and fears that it could also abandon the scheme sent prices dropping.
read more... 27/06/2016
Daily: Crude oil prices dip 5 % after Britain votes to quit EU
Crude oil ended 5 percent lower on Friday after Britain’s vote to quit the European Union triggered massive risk aversion and a hike in U.S. dollar that threatened to curb shortly a three-month-long rebound in worldwide oil markets. Brent crude closed down 4.9 percent, or $2.50, at $48.41 a barrel. It had plunged 6 percent earlier to $47.54. U.S. crude eased 5 percent, or $2.47, to settle at $47.64, its largest one-day drop since February.
read more... 27/06/2016
Daily: British gas prices ease on Rough outage, EU referendum
Crude oil prices ended 2 percent higher after a volatile session on Thursday, as investors were less preoccupied about the future of global economy after the last pre-vote opinion surveys indicated Britain will not quit the European Union. Brent crude rose $1.03, or 2.1 percent, to settle at $50.91 a barrel. U.S. crude closed at $50.11 a barrel, up 98 cents. Both contracts jumped in the last few minutes of trading.
read more... 24/06/2016
Daily: Crude oil prices loss ground in choppy trading before Brexit vote
Crude oil prices declined on Wednesday after the U.S. government unveiled a smaller-than-expected stockpile drawdown and as investors were preoccupied about Britain's upcoming vote on whether to stay in the European Union. Brent contract for August delivery lost 74 cents, or 1.5 percent, to settle at $49.88 a barrel. U.S. crude futures initially rebounded to a session high of $50.22 a barrel before falling to a settlement of $49.13, though were still firm versus the previous close of $48.85.
read more... 23/06/2016