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Daily: Crude oil futures drop as U.S. oil stockpiles hit a record high
Crude oil futures fell on Wednesday after the U.S. Energy Information Administration reported that U.S. crude stockpiles reached a record high. However, Brent succeeded to close above $109, gaining support from the continuing confrontation in Ukraine.
read more... 24/04/2014
Daily: European power prices rebound after Easter decline
Brent crude fell on Tuesday, but the losses were capped by continued worries about the intensification of conflicts in Eastern Ukraine, that could trigger further Western sanctions against Russia and cut supplies. WTI crude oil also declined on Tuesday ahead of figures that should indicate that stockpiles in the U.S. were close to hit record highs. The unequal decrease of West Texas Intermediate crude futures drove to the widening of the Brent-WTI spread by more than a dollar.
read more... 23/04/2014
Shell devoted to Russia growth regardless of sanctions
Royal Dutch Shell is loyal to development in Russia, in spite of sanctions imposed on the country following its seizure of Ukraine's Crimea region, as told by the Chief Executive Ben van Beurden to Russian President Vladimir Putin at a meeting on Friday.
read more... 22/04/2014
Daily: U.S crude oil futures post a slight gain on upbeat economic indicators
Brent crude oil posted a modest gain, while U.S. crude futures showed a slight increase due to optimistic economic data on Monday. However, prices were range-bound in low volumes due to Easter holiday on Sunday, without any intensification of conflicts in Ukraine.
read more... 22/04/2014
Daily: Brent crude slips as Ukraine, Russia pledge to halt violence
Brent crude oil declined on Thursday, holding below $100 a barrel after a four parties meeting in Geneva which called for an immediate halt to violence in Ukraine, while WTI crude oil increased on upbeat economic figures. Brent crude for June delivery, which was backed in recent days by intensified unrest in Ukraine, closed down 7 cents at $109.53 a barrel, after earlier touching a peak of $110.19 ahead of the meeting in Geneva. Meanwhile, U.S. oil for delivery in May rose 54 cents to settle at $104.30 a barrel, after having previously hit a high of $104.78 a barrel.
read more... 18/04/2014