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Daily energy Overview, Friday, June 10, 2011

Brent crude oil futures increased on Thursday, having hit a five-week high as OPEC’s failure to increase oil production spurred more worries on supplies. ICE Brent crude oil for July delivery valued 119.57 dollars, up 1.72 dollars, having hit the utmost level since May 4.

read more... 10/06/2011

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Daily energy Overview, Thursday, June 09, 2011

U.S. and Brent crude futures increased on Wednesday following OPEC’s failure to increase the output and API inventory data indicating a sharp drop in crude oil stocks last week.

read more... 09/06/2011

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OPEC holds production quotas unchanged

OPEC surprisingly decided at yesterday’s meeting to keep production levels unchanged, causing a rally of oil prices, with a meeting ending in disarray, as senior officials declared.

read more... 09/06/2011

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Daily energy Overview, Tuesday, June 07, 2011

U.S. and Brent crude oil futures traded at their lowest level over the last two weeks on Monday on expectations OPEC will increase its output target at its meeting in Vienna. ICE Brent crude for July delivery valued 114.48 dollars a barrel, down 1.18 percent after trading from 113.96 to 116.14 dollars, while U.S. crude traded at 99.01 dollars a barrel, down 1.21 dollars, after trading between 98.64 and 100.68 dollars.

read more... 07/06/2011

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OPEC to decide on oil production quotas on June, 8

The Organization of the Petroleum Exporting Countries (OPEC) oil cartel will meet on June, 8 at Vienna to decide on production quotas amid a volatile market and the civilian unrest in the Middle East that hit Libyan oil production.

read more... 06/06/2011

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