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Daily: British gas prices rebound due to an unplanned outage
Oil prices declined slightly on Wednesday as investors doubted that OPEC will agree to an output reduction large enough to curb significantly the global glut of oil as U.S. drilling increases. Oil prices oscillated thorough the day, opening lower in the morning and later shortly turning positive after the EIA said U.S. crude inventories unexpectedly declined 1.3 million barrels last week after three consecutive weeks of rises. Brent crude futures lost 17 cents, or 0.35 percent to settle at $48.95 a barrel. The U.S. WTI crude oil futures fell 7 cents, or 0.2 percent, to end at $47.96 a barrel.
read more... 24/11/2016
Daily: Crude oil closes near flat as OPEC is likely to keep the market guessing to the last minute
Crude oil prices were flat on Tuesday in volatile trade after a report stating that OPEC officials will wait until November 30 to debate a proposal to cut member output. Brent futures rose by 22 cents, or 0.45 percent, to settle at $49.12 a barrel, its highest close since the end of October, while WTI lost 21 cents, or 0.44 percent, to end at $48.03.
read more... 23/11/2016
Daily: Crude oil prices hit the highest level in three-weeks ahead of OPEC meeting
Crude oil prices soared 4 percent to hit a three-week high on Monday, spurred by growing hopes that major oil producing countries would agree next to curb output. Brent crude futures closed at $48.90 a barrel, up $2.04, or 4.4 percent, after having briefly touched $49 a barrel during the session. U.S. West Texas Intermediate (WTI) rose 4 percent to end at $47.49 a barrel, up $1.80, after hiking as high as $47.80.
read more... 22/11/2016
Daily: Oil contracts up 5% for the week on OPEC revived hopes
Crude oil price ended higher on Friday, closing out a bullish week for crude oil, spurred by growing expectations that OPEC will find a solution to limit production at the end of the month. Brent crude rose by 37 cents, or 0.8 percent, to settle at $46.86 per barrel, posting its first weekly increase in five weeks. U.S. West Texas Intermediate crude climbed 27 cents, or 0.6 percent, for the day, to close at $45.69 a barrel. It posted its first weekly increase in four weeks. For the week, Brent and U.S. crude both rose roughly 5 percent.
read more... 21/11/2016
Daily: Oil tumbles as stronger dollar overshadows OPEC deal hopes
Crude oil prices closed slightly lower on Thursday, then tumbled as much as 1 percent after-trade-market session as a robust dollar overshadowed expectations of an OPEC deal to curb production. Brent crude lost 14 cents or 0.3 percent to end at $46.49 a barrel , before slipping further to $46.12. U.S. West Texas Intermediate crude shed 15 cents or 0.33 percent to settle at $45.42. It dropped in post-settlement by 56 cents, or 1.2 percent, to $45,01.
read more... 18/11/2016