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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
Daily: Prompt British gas prices gain ground as imports from Netherlands and Norway fell
Crude oil prices declined about 1 percent on Friday as investors took some profits after a good week in a context of persistent questions about the attitude of OPEC and Russia. Brent crude lost 58 cents, or 1.1 percent, to settle at $51.93 a barrel. U.S. West Texas Intermediate (WTI) crude declined 63 cents, or 1.3 percent, to close at $49.81.
read more... 10/10/2016
Daily: Spot electricity prices tumble on firmer renewables output
Crude oil prices ended down on Tuesday after a dollar increase offset optimism over planned OPEC output reduction before a report indicating another weekly decline in U.S. crude stocks pushed prices up toward four-month highs in the post-settlement trade. Brent crude lost 2 cents at $50.87 a barrel, after rising to $51.37 during the session, its highest level since June 10. U.S. WTI crude settled down 12 cents at $48.69, after hitting $49.13 earlier, the highest level since July 5.
read more... 05/10/2016
Daily: Brent breaks the $50 mark as Iran urges for non-OPEC support
Crude oil prices surged over 1 percent on Monday, with Brent ending the session above $50 a barrel for the first time since August and WTI crude reaching three-month highs after Iranian president urged for other oil producers to join OPEC in stabilizing the market. Brent crude rose by 70 cents, or 1.4 percent, to settle at $50.89 a barrel. It marked its first close above the key $50 mark since August 19. U.S. WTI crude settled up 57 cents, or 1.2 percent, to end at $48.81. Prior to settlement, it rallied to $49.02, its highest level since July 5.
read more... 04/10/2016
Daily: European forward power prices tumble on weaker oil, coal, carbon prices
Crude oil prices evolved differently on Friday, with WTI for November delivery gaining 41 cents to settle at $ 48.24 per barrel, two days after OPEC countries reached a consensus to limit oil production. However, North Sea Brent lost 18 cents to settle at $49.06 per barrel on the Intercontinental Exchange.
read more... 03/10/2016