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Daily energy Overview, Wednesday, May 25, 2011
Crude oil futures increased on Tuesday after Goldman Sachs raised its forecasts on Brent crude and as a weaker dollar attracted traders to commodities, while released economic data indicated an increase in sales of U.S. single-family homes. U.S. crude for July delivery traded at 99.59 dollars a barrel, lifting 1.89 dollars after a trading range from 96.61 and 100.09 dollars, while ICE Brent crude for delivery in July settled at 112.53 dollars a barrel, up 2.43 dollars, after a trading range between 109.50 and 112.65 dollars.
read more... 25/05/2011
Daily energy Overview, Tuesday, May 24, 2011
Crude oil futures decreased on Monday as worries about the debt crises in the euro zone raised the dollar to a two-month high level against the euro, spreading risk aversion across markets. U.S. crude for July delivery traded at 97.70 dollars a barrel, down 2.40 dollars, while ICE Brent for July delivery settled at 110.10 dollars a barrel, down 2.29 dollars, after a trading range between 108.58 and 112.23 dollars.
read more... 24/05/2011
EU intensifies sanctions against Iran following nuclear program
The European Union tightened its restrictive measures against Iran, following the concerns about its nuclear program, after Iran refused to enter constructive talks with the United States and E.U.
read more... 24/05/2011
Daily energy Overview, Monday, May, 23, 2011
Crude oil futures ended higher on Friday after a very volatile session. U.S. crude for June delivery expired and traded at 99.49 dollars a barrel, up 1.05 dollars, after a trading range from 95.99 to 99.89 dollars, while ICE Brent crude for July delivery traded at 112.39 dollars a barrel, up 97 cents.
read more... 23/05/2011
The president of Tokyo Electric Power Co resigns in the middle of nuclear crisis
The head of Tokyo Electric Power Co. (TEPCO) announced on Friday that he will step down, following a huge financial loss, after the Fukishima nuclear plant disaster, damaged by the March tsunami in northeastern Japan.
read more... 23/05/2011