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Daily Energy Overview, Wednesday, February 09, 2011
London crude prices surged by 60 cents to $100.52 a barrel by 07:10 GMT on Wednesday due to constraints in North Sea supplies, still transit through the Canal Suez was unaffected. Meanwhile, U.S. crude for March rose 66 cents to $87.60 a barrel, the spread between the two benchmarks widening to $12.92 a barrel. The turmoil in Egypt had pushed the oil market up during last 15 days, though the effects on U.S. oil prices are reducing now.
read more... 09/02/2011
Daily Energy Overview, Tuesday, February 08, 2011
U.S. crude oil futures traded lower on Monday, having hit its lowest level in more than one week, thus unaffecting the supplies through the Suez Canal as the unrest in Egypt continued. Prices for March crude eased 1.55 dollars at 87.48 dollars a barrel.
read more... 08/02/2011
Daily Energy Overview, Monday, February 07, 2011
Crude futures dropped almost 2 percent on Friday on news that the President of Egypt could resign. The ICE Brent for March delivery eased 1.93 dollars being traded at 99.83 dollars a barrel.
read more... 07/02/2011
Daily Energy Market Overview, Friday, January, 04, 2011
Civil uprisings in Tunisia, Egypt and Jordan emerged as the main fear factor for volatile oil market that pushed Brent crude oil above 100 dollars a barrel.
read more... 04/02/2011
Daily Energy Overview, Thursday, February 03, 2011
Oil prices increased on Wednesday on persisting concerns that the unrest in Egypt could develop across the Middle East and North Africa.
read more... 03/02/2011