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Daily: Crude oil ends at the highest level in more than a month
Oil prices closed up at the highest level in more than a month on Wednesday, helping to spur world stock markets, while euro remained flat ahead of this week's European Central Bank meeting. Brent crude jumped $1.42 to settle at $41.07 a barrel, up more than 40 percent from its January lows, while U.S. crude WTI rose $1.79 to close at $38.29.
read more... 10/03/2016
Daily: Crude oil prices close up for third consecutive day on OPEC producers meeting
Crude oil prices closed up for a third straight day in row on Wednesday as buyers neglected a record high in U.S. crude inventories to focus on an OPEC plan to freeze output. Brent futures rose 12 cents to close at $36.93 a barrel. They have climbed more than $1.80, or 5 percent, since Friday's settlement. U.S. crude's West Texas Intermediate (WTI) futures edged 26 cents higher at $34.66 a barrel. Only in mid-February, WTI plunged to a 2003 low of $26.05.
read more... 03/03/2016
Daily: Crude oil prices rebound 3% on confirmation of a producers meeting in March
Crude oil futures rose 3 percent on Thursday, reversing previous losses after news of a meeting of major producers in March to stabilize prices and on project delays and job layoffs in the industry. Brent crude futures rose 88 cents, or 2.6 percent, to close at $35.29 a barrel, reaching a three-week high. It had also declined more than $1 earlier.
read more... 26/02/2016
Daily: European power futures hit a new record low pressured by weak carbon prices
Crude oil prices declined 3 percent on Monday, finishing down for a third consecutive day, dragged down by concerns that U.S. crude inventories have hiked to new record highs, while a Saudi-Venezuela meeting to spur prices showed no tangible progress. U.S. crude traded below $30 a barrel, ending down $1.20 at $29.69. Global crude benchmark Brent eased $1.18 to settle at $33.88.
read more... 09/02/2016
Daily: Crude oil settles down in volatile trade ahead of top oil producers meeting
Crude oil prices settled down on Friday, snapping two weeks of gains, as speculations about a possible agreement between top oil producers defied concerns about intensifying supply glut. Global benchmark Brent crude futures fell 40 cents or 1.2 percent to close at $34.06 a barrel, after trading between $35.14 and $33.81. U.S. crude futures declined 83 cents or 2.6 percent lower, to close at $30.89 a barrel, after hitting a peak of $32.45. The contract shed slightly lower to $30.63 in post-settlement trading.
read more... 08/02/2016