Latest news
Daily: WTI crude post the highest level since July 2015 on supply disruptions
Crude oil prices rallied for a third consecutive day on Monday, spurred by attacks on Nigeria’s oil industry and new draws in U.S. crude inventories. July West Texas Intermediate crude boosted $1.07, or 2.2%, to settle at $49.69 a barrel on the New York Mercantile Exchange, the highest level since July 21 of last year. August Brent crude climbed 91 cents, or 1.8%, to settle at $50.55 a barrel on London’s ICE Futures exchange. During the session, it reached $50.83, its highest since November.
read more... 07/06/2016
Daily: Crude oil prices shed on U.S. rig number increase
Crude prices fell more than 1 percent on Friday, prolonging losses after weekly industry figures showed U.S. drillers added nine oil rigs last week. Prices had already declined in early trade on concerns about the U.S. economy, but losses were capped by a weakening dollar. Brent crude futures ended the session down 40 cents at $49.64 per barrel. However, Brent’s remained almost double January lows, hitting its eighth weekly gain in nine weeks. U.S. West Texas Intermediate (WTI) crude futures eased 55 cents to settle at $48.62. For the week, prices dropped 1.1 percent, its first weekly decline in four weeks.
read more... 06/06/2016
Daily: European forward electricity prices near to 2016 high tracking gains in oil markets
Crude prices climbed on Thursday, with Brent ending above $50 a barrel the first time in seven months, after the latest decline in U.S. crude inventories compensated OPEC’s failure to establish a ceiling for its production. U.S. West Texas Intermediate (WTI) crude futures rose by 16 cents, or 0.3 percent, to close at $49.17 a barrel. It had eased more than $1 earlier. Brent futures boosted 32 cents, or 0.6 percent, to settle at $50.04, after hiking at $50.30. It was its first settlement above $50 since November 3.
read more... 03/06/2016
Daily: Crude oil loses ground as OPEC considers output reduction
Crude oil prices lost ground on Wednesday, dragged down after OPEC sources said that the group will likely consider an output ceiling at its meeting in Vienna on Thursday. U.S. crude's West Texas Intermediate (WTI) futures ended down 9 cents at $49.01 a barrel, off a session low of $47.75. Brent futures declined 17 cents to settle at $49.72, after plunging $48.65 earlier. The session high was $50.
read more... 02/06/2016
Daily: European power prices increased due to low temperatures
Oil prices have seen yesterday a slight decrease due to a stronger dollar, while crude futures registered a fourth straight monthly gain on the investors thought that the global surplus insignificantly reduced. Brent crude futures for July was down 7 cents settling at $49.69 a barrel, meanwhile U.S. crude futures dropped by 23 cents, attaining $49.10 a barrel.
read more... 01/06/2016