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Daily: UK gas prices tumble amid a modest oversupply, Russia-Ukraine negotiations
Crude oil futures were flat aftermath a choppy trading on Wednesday, following a report indicating falling U.S. gasoline demand in the largest oil consumer in the world and an increase at the key Cushing, Oklahoma storage hub. Brent crude for October delivery boosted 22 cents to settle at $102.72 a barrel, after having fluctuated by $1 between $102.05 and $103.07. WTI crude increased 2 cents to close at $93.88 a barrel after settling 51 cents higher on Tuesday on upbeat U.S. economic data.
read more... 28/08/2014
Daily: European power prices tumble on stronger wind output in Germany
Brent and WTI crude futures boosted on Thursday spurred by upbeat economic data from the United States after an ample supply outlook and as Chinese economic figures had earlier pressured prices. Brent crude for October delivery on Thursday climbed 35 cents to settle at $102.63, up from its session low of $101.21. U.S. crude for October delivery increased 51 cents to close at $93.96 a barrel, reversing earlier losses.
read more... 22/08/2014
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