Latest news
Daily: Brent crude closes flat, WTI crude increases on bullish economic data
Brent crude futures ended unchanged on Friday as growing supply and worries about weak demand for oil in Europe and China reduced concerns about the Middle East conflicts, while U.S. crude rallied on bullish economic data from the United States. Brent crude for November delivery settled flat at $97 a barrel, having fluctuated from $96.46 to $97.50, while U.S. November crude rose by $1.01 to settle at $93.54 a barrel.
read more... 29/09/2014
Daily: European coal futures dip to 5-year lows on oversupplied system
Brent crude oil prices remained unchanged, while U.S. crude dropped slightly in choppy trading on Thursday as healthy supply and a strong U.S. dollar helped to offset worries about tensions in the Middle East would cut disrupt output. Brent increased by 5 cents to close at $97.00 a barrel after oscillating by more than $1 between $96.22 and $97.56 throughout the session. West Texas Intermediate (WTI) fell 27 cents to settle at $92.53.
read more... 26/09/2014
Daily: Brent crude dips as supply glut offsets Mideast turmoil
Brent crude oil dropped on Tuesday as plentiful global supplies offset tensions in the Middle East, while U.S. crude oil rebounded after four sessions of losses. Brent crude for November delivery slipped 12 cents to close at $96.85 a barrel after increasing as high as $97.59 a barrel in early trading. WTI crude jumped 69 cents to settle at $91.56 a barrel, recovering from a session low of $90.58, which was its weakest level since September 11. Its premium to Brent narrowed to around $5.25 a barrel.
read more... 24/09/2014
Daily: European prompt power prices decline on considerable drop in wind power capacity
Crude oil futures dropped on Monday as plentiful supply and declining economic growth in Europe and China eclipsed expectations of a reduction in oil production from the Organization of the Petroleum Exporting Countries (OPEC). Brent crude for November delivery eased $1.42 to close at $96.97 a barrel, having slipped $2.01 intraday to $96.38. The WTI October crude contract slipped 89 cents to settle at $91.52 a barrel and, down for a fourth consecutive session, while U.S. November crude closed at $90.87, down 78 cents.
read more... 23/09/2014
Daily: Brent drops back under $98 on lower demand, abundant supply
Brent crude dropped under $98 a barrel on Monday, a decrease for the third session in four, since lower demand and plentiful supplies outweighed a potential halt in oil production from the Organization of the Petroleum Exporting Countries (OPEC).
read more... 22/09/2014