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Daily: British spot gas prices up, spurred by outages, firmer oil prices
Crude oil prices climbed over 3 percent on Monday amid fresh speculation that OPEC would try to cut output, reducing supply glut worries that had pushed the market into three-month lows last week. U.S. U.S. West Texas Intermediate (WTI) crude rose by $1.22, or 2.9 percent, to settle at $43.02 per barrel. WTI reached April lows below $40 a barrel last week. Brent crude increased $1.12, or 2.5 percent, to close at $45.39.
read more... 09/08/2016
Daily: Crude oil prices in slight decline as late short-covering offsets dollar impact
Crude oil prices closed little changed on Friday as short-covering returned in late trading, slightly declining as the U.S. dollar increased on upbeat U.S. jobs figures. The U.S. WTI contract for September delivery fell modestly 13 cents, or 0.3 percent, to close at $41.80 per barrel, after declining nearly 2 percent earlier. Brent crude's front-month lost just 2 cents to end at $44.27 per barrel. Previously in the session, it tumbled to $43.51.
read more... 08/08/2016
Daily: European prompt power prices gain ground on declining wind output, lower thermal availability
Crude oil prices rebounded about 3 percent on Thursday, with U.S. crude increasing above the $40 per barrel mark on short covering and after a slight inventory decline at the delivery hub for U.S. crude futures. Brent crude boosted $1.19, or 2.8 percent, to settle at $44.29 a barrel. U.S. West Texas Intermediate (WTI) crude climbed $1.10, or 2.7 percent, to close at $41.93 per barrel.
read more... 05/08/2016
Daily: Crude oil rebounds 3 percent on considerable U.S. gasoline withdrawal
Crude oil prices climbed more than 3 percent on Wednesday, with U.S. crude futures returning to above $40 a barrel, after a bigger-than-expected gasoline withdrawal offset an unexpected increase in crude inventories in the U.S. U.S. West Texas Intermediate (WTI) crude rose by $1.32, or 3.3 percent, to settle at $40.83 a barrel. Brent crude boosted $1.30, or 3.1 percent, to close at $43.10.
read more... 04/08/2016
Daily: European spot electricity prices decrease sharply on firmer wind production
U.S. crude oil tumbled on Tuesday to settle below $40 a barrel for the first time since April as continuing concerns of crude and refined fuel oversupply and a decrease in U.S. equities counterbalanced an early boost from a weak dollar. U.S. West Texas Intermediate (WTI) crude ended down 55 cents, or 1.4 percent, at $39.51 a barrel, after earlier rallying to $40.91. Brent crude lost 34 cents, or 0.8 percent, to close at $41.80, after attaining a session high at $43.18.
read more... 03/08/2016