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Daily: Brent crude posts the largest one-day decline in seven weeks as Iraq supply worries ease
Brent crude posted its sharpest one-day decline in seven weeks on Monday as worries about disruptions to Iraqi crude supplies begun to ease given that exports have so far been unaffected by a Sunni Islamist rebellion. Iraq carries 90 percent of its crude exports from southern terminals, which are far away from the Sunni insurgency.
read more... 24/06/2014
Daily: WTI crude oil rallies at the nine-month high on short-covering
U.S. crude oil rallied above $107 a barrel on Friday, hitting a new nine-month high on short-covering ahead of the July contract expiry, while Brent retreated on profit-taking as worries attenuated over supply disruptions in Iraq.
read more... 23/06/2014
Daily: European coal prices plunge to new multi-year lows on oversupply
Brent crude rocketed to a nine-month high over $115 a barrel on Thursday as the United States said it would send up to 300 military advisers to Iraq, increasing worries about an intensification of conflict. Brent boosted 80 cents to hit $115.06 a barrel, the highest level since September 6. The U.S. crude oil futures contract for July delivery, which expires on Friday, increased 46 cents to close at $106.43.
read more... 20/06/2014
Daily: Brent crude rallies to nine-month high on Iraq supply disruption concerns
Brent crude oil rocketed to a nine-month high on Wednesday supported by concerns about potential supply disruptions due to turmoil in Iraq, while U.S. crude dropped after data from the U.S. Energy Information Administration (EIA) showed domestic crude stockpiles declined much less than the industry group American Petroleum Institute (API) had reported.
read more... 19/06/2014
Daily: Crude oil held steady due to thawing ties between Iran and the West
Brent oil was steady above $113 per barrel and WTI crude oil dropped modestly on Tuesday as fears over a possible oil disruption from Iraq attenuated amid speculations that unrest in Iraq will not extend to the main oil-producing areas in the nation’s south.
read more... 18/06/2014