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Daily: Brent crude climbs on fresh sanction against Russia
Brent crude closed slightly higher on Tuesday on fresh sanctions against Russia which will aggravate relations between Moscow and the West, while the U.S. prices fell after a Kansas refinery fire cut demand for WTI crude. Brent crude rose 15 cents to close at $107.72 a barrel, after oscillating between $107.13 and $108.05 earlier in the session. U.S. crude eased 70 cents to settle at $100.97 a barrel after hitting an intraday low of $100.37, the lowest level since mid-July.
read more... 30/07/2014
Daily: European power prices increase on further sanctions concerns against Russia
Crude oil declined on Monday on signs of supplies surplus of North Sea and West African crude and as sluggish demand in Europe and Asia counterbalanced fears of intensifying tensions in Ukraine and in the Middle East. Brent crude for September delivery fell 82 cents to settle at $107.57 a barrel, after hitting a low of $107.01 earlier in the session. WTI crude futures for September delivery dropped 42 cents to settle at $101.67, rebounding from an intraday low of $100.90.
read more... 29/07/2014
Daily: Brent crude reverses losses on worsening relations between Russia and the U.S.
Brent crude curbed previous losses to rebound over $1 a barrel on Friday on worsening relations between Russia and the United States increased fears of supply disruptions in the market. Brent crude for September delivery climbed $1.32 to settle at $108.39 a barrel, the highest settlement price since July 10. U.S. crude for September delivery boosted 2 cents to close at $102.09 a barrel, after declining as low as $101 a barrel earlier in the session.
read more... 28/07/2014
European sanctions against Russia could deviate the expected course of South Stream, Yamal LNG
The European Union’s envisaged sanctions against Russia could delay the development of South Stream and Yamal LNG projects.
read more... 25/07/2014
Daily: German power prices at 4-month high on threat of new sanctions against Russia
Crude oil prices increased on Wednesday, as oil inventories in the U.S. dropped more than predicted and as geopolitical tensions in Eastern Europe and the Middle East continued. Brent crude for September delivery boosted 70 cents to close at $108.03 and continued to rebound in post-settlement trade to hit $108.19 at 3:48 p.m. EDT (1948 GMT), while U.S. crude for September delivery boosted 73 cents to $103.12 a barrel.
read more... 24/07/2014