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Daily: U.S. crude oil prices slump on China corporate default concerns
WTI crude oil prices dropped more than $1, pressured by copper prices which hit four-year lows on fears that other companies may follow Shanghai Chaori Solar Energy Science and Technology Co Ltd, which faced corporate default last week.
read more... 12/03/2014
Daily – oil prices up on prospects for easing monetary situation in China
Crude oil futures settled higher for a third day in line on Friday supported by higher-than-expected U.S. jobs data increase for February outlook for more monetary easing in China and relief that Greece avoided an immediate default. WTi crude for April delivery traded at 107.40 dollars a barrel, up 82 cents, while ICE Brent crude oil for April delivery valued 125.98 dollars a barrel, up 54 cents.
read more... 12/03/2012
Daily – gas prices up near to a one-week high
U.S. and Brent crude oil futures held gains on Thursday after a government report showed initial jobless claims increased previous week in the United States, driven up ahead of the data by optimism about Greece avoiding default on its debt. By 13:35 GMT, ICE Brent crude traded at 125.17 dollars a barrel, gaining 1.05 dollars after having traded between 123.80 and 125.58 dollars.
read more... 09/03/2012
Daily – spot power prices down on strong renewable power production
U.S. and Brent crude oil futures increased on Wednesday on hopes that Greece will avoid default through a pending debt restructuring which strengthened the euro and weakened the dollar and on supportive private sector U.S. jobs data. U.S. crude oil futures for April delivery traded at 106.16 dollars a barrel, gaining 1.46 dollars after a trading range between 104.35 and 106.28 dollars, while ICE Brent crude for April delivery valued 124.12 dollars a barrel, up 2.14 dollars after having traded between 121.99 and 124.35 dollars.
read more... 08/03/2012
Daily – U.S. and Brent prices down on euro zone worries
U.S. and Brent crude oil futures decreased on Friday as investors awaited a potential debt restructuring deal seen sparing Greece from a messy debt default and as signs of low factory activity in China stirred up demand worries.
read more... 23/01/2012