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Daily: French spot power contract up 51% due to nuclear outages
Crude oil prices ended down on Monday, dragged down by oversupply worries, with a rally in trade volume leading U.S. prices below $50, but losses were capped as U.S. shale oil production was expected to fall. Brent crude declined 43 cents, or 0.8 percent day-on-day to close at $51.52 per barrel, after hitting a session low of $51.16 a barrel. U.S. West Texas Intermediate (WTI) settled at $49.94 per barrel, down 41 cents, or 0.8 percent, after reaching a session low of $49.47.
read more... 18/10/2016
Daily: Crude oil slightly down on U.S. rig count rise, firmer dollar
Crude oil prices posted a modest decline on Friday as traders balanced a stronger dollar and another build in the U.S. oil ring number against expectations that more OPEC negotiations of output reductions will keep crude above $ 50 per barrel. Brent, the London-traded crude benchmark, lost 8 cents, or 0.2 percent, to end at $51.95 a barrel. For the week, it closed flat. U.S. West Texas Intermediate (WTI) crude settled down 9 cents at $50.35. It boosted about 1 percent on the week.
read more... 17/10/2016
Daily: Oil settles lower as OPEC output increases
Crude oil prices tumbled on Wednesday after OPEC unveiled another monthly rally in output and prolonged losses in post-settlement trade as industry figures indicated the first increase in six weeks. The OPEC said the production boosted in September to the highest level in at least eight years. Brent crude ended down 60 cents, or 1.1%, at $51.81 a barrel. U.S. West Texas Intermediate (WTI) crude shed 61 cents, or 1.2%, to settle at $50.18.
read more... 13/10/2016
Daily: British gas prices diverge, with day-ahead up due to tight supply
Crude oil prices settled down on Tuesday, retiring from one-year highs amid uncertainty how rapidly global oil supply could be reduced in line with demand even if OPEC and Russia agreed to a steep production limitation. On Tuesday, Brent crude lost 73 cents, or 1.4%, to settle at $52.41 a barrel, retreating from a one-year high of $53.73 reached on Monday. US West Texas Intermediate (WTI) crude declined 56 cents, or 1%, to end at $50.79.
read more... 12/10/2016
Daily: Crude oil rockets at one-year high as Russia wants to join OPEC in limiting output
Crude oil prices rose as much as 3 percent on Monday, with Brent attaining a one-year high, fueled by Russian President declarations that Russia is ready to join OPEC in slashing crude output and Algeria required for similar actions from other non-OPEC producers. Brent crude rallied to its highest level since October 9, 2015, up $1.21, or 2.3 percent to close at $53.14 a barrel. U.S. West Texas Intermediate crude rocketed to its highest level since June 9 at $51.60, before paring gains to end the session at $51.35, up $1.54, or 3.1 percent.
read more... 11/10/2016