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Daily: Brent crude plunges at 14-month low as supply risks attenuate
Brent crude oil dropped by about $2 a barrel to hit its weakest point in over a year on Monday as investors’ worries about conflicts in Ukraine and Iraq attenuated and as stronger Libyan oil production added to already robust supplies. Brent crude declined $1.93 to close at $101.60 a barrel, after hitting a session low of $101.11, the lowest since June 2013. U.S. crude for September delivery tumbled by 94 cents to settle at $96.41, after paring losses from an earlier low of $95.81.
read more... 19/08/2014
Daily: European power prices decline on sunnier weather
Brent crude increased by about $1 per barrel in a nervous trading on Wednesday, rebounding from a 13-month low as traders are continuing to worry about potential supply disruptions due to turmoil in Iraq and Libya. U.S. crude prices climbed as crude oil stockpiles increased 1.4 million barrels the previous week.
read more... 14/08/2014
Daily: Brent crude dips to 13-month low on high production from OPEC
Brent crude plunged to 13-month low on Tuesday as higher OPEC production attenuated concerns over potential supply disruptions in Iraq and Libya. Brent crude for September delivery dropped $1.66 to settle at $103.02 per barrel. Brent's $102.65 intraday low was the weakest price since July 1, 2013. U.S. crude for September delivery slipped 71 cents to close at $97.37 a barrel, having fallen earlier to $96.81.
read more... 13/08/2014
Daily: European coal prices soar on nuclear and gas production outage
Brent crude slipped on Monday despite many geopolitical risks including U.S. air strike in Iraq, while U.S. crude increased on expectations of a draw in U.S. inventories. Brent crude dropped 34 cents to settle at $104.68 a barrel, while WTI crude rose 43 cents to close at $98.08 a barrel.
read more... 12/08/2014
Daily: UK natural gas prices climb amid Ukraine warning of "all types of transit" halting
Brent crude oil dropped toward $105 a barrel on Friday following the U.S. military air strikes in Iraq that may diminish the risk of oil supply disruptions from OPEC’s second largest producer, while U.S. crude gained support from reviving stock market. Brent crude rallied to a weekly high of $106.85 earlier in the session, but soon turned negative and settled 42 cents lower at $105.02 a barrel. U.S. crude boosted 31 cents to close at $97.65 a barrel, off an intraday high of $98.45.
read more... 11/08/2014