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Daily: Crude oil prices rebound by 5 % on air strikes in Yemen
Crude oil prices boosted by about 5 percent on Thursday, the largest daily gain in a month as air strikes in Yemen triggered by Saudi Arabia and its Gulf Arab allies fueled fears that escalation of the Middle East conflict could disrupt world crude supplies. Brent crude soared $2.71, or 4.8 percent, to settle at $59.19 a barrel. WTI crude increased $2.22, or 4.5 percent, to close at $51.43, approaching 2015 highs.
read more... 27/03/2015
Daily: Crude oil prices settle up on dollar depreciation
Crude oil prices recovered on Friday, with Brent snapping two consecutive weeks of losses and WTI crude boosting 4 percent following dollar depreciation on interest rate uncertainty. Oil prices also received support from Iran’s ambition to strike a nuclear deal with world powers. Brent price for front-month delivery rose by 89 cents, or 4 percent, to settle at $55.32 a barrel. It posted a 1.2 percent gain on the week. U.S. crude for April delivery increased by $1.76, or 1.6 percent, to close at $45.72. It gained 2 percent on the week.
read more... 23/03/2015
Daily: Oil strikes the lowest level since April 2009 on U.S. oil rig figures
Global oil markets resumed their decline on Friday, with Brent and U.S. crude striking lows lastly seen in April 2009 and closing down for a seventh consecutive week. Brent crude broke below $49 a barrel but settled above the $50 support level after oil services firm Baker Hughes announced the sharpest drop in 24 years in the number of U.S. oil drilling rigs. Brent crude declined 85 cents to close at $50.11 a barrel, after slipping previously to $48.90. WTI crude fell 43 cents to settle at $48.36, having touched $47.16 earlier.
read more... 12/01/2015
Daily: British natural gas prices sank on supply glut, high stockpiles
Brent crude oil prices plunged to a three-month low on Thursday to strike is lowest level since mid-2012, dragged down by intensifying concerns over weak demand, supply glut and signs that Saudi Arabia is in no rush to curb output. Brent crude for November delivery also closed well off the day's low, dropping 74 cents to settle lower at $93.42. It earlier slipped to $91.55, its lowest level since June 2012. U.S. crude for November delivery recovered 28 cents at $91.01 per barrel, after earlier tumbling to $88.18, its lowest intraday level since April 2013, on data showing a 1.7 million-barrel drop in Cushing stockpiles.
read more... 03/10/2014
Rosneft and Exxon strike oil discovery offshore Arctic oil
Russia’s first crude oil producer Rosneft and the major Exxon Mobil Corp. unveiled an oil discovery at the controversial offshore Arctic field amid Western sanctions against Moscow.
read more... 29/09/2014