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Daily: Crude oil prices loss ground in choppy trading before Brexit vote
Crude oil prices declined on Wednesday after the U.S. government unveiled a smaller-than-expected stockpile drawdown and as investors were preoccupied about Britain's upcoming vote on whether to stay in the European Union. Brent contract for August delivery lost 74 cents, or 1.5 percent, to settle at $49.88 a barrel. U.S. crude futures initially rebounded to a session high of $50.22 a barrel before falling to a settlement of $49.13, though were still firm versus the previous close of $48.85.
read more... 23/06/2016
Daily: British prompt gas prices jump on undersupplied gas system
Crude oil prices ended lower on Tuesday on profit taking after a two-day hike, then rebounded in post-settlement trade after figures indicated a bigger-than-expected draw in U.S. crude inventories. Brent crude futures for August delivery eased 3 cents to settle at $50.62 a barrel. In post-settlement, it climbed to as high as $51.10, encouraged by the crude draw reported by API. U.S. crude futures' expiring July front-month contract ended down 52 cents, or 1 percent, to close at $48.85 a barrel. The August contract, which will be front month from Wednesday, declined 11 cents at $49.85 and increased to $50.40 in post-settlement.
read more... 22/06/2016
Daily: Crude oil hikes 3 percent as Brexit fears ease
Crude oil prices rallied 3 percent on Monday, increasing for a second consecutive day, after an opinion poll showing lower possibility of Britain to exit the European Union, while U.S. gasoline hiked 5 percent in anticipation of peak summer spurring demand. Brent contract for August delivery rose $1.48, or 3 percent, to settle at $50.65 a barrel. U.S. crude's West Texas Intermediate (WTI) futures climbed $1.39, or 2.9 percent, to close at $49.37 a barrel for the July front-month. The WTI contract for August delivery, the new front-month contract from Wednesday, rose by 3 percent to end at $49.96.
read more... 21/06/2016
Daily: Crude oil rebounds 4 % on less anxiety about Britain's possible exit from the European Union
Crude oil prices rebounded about 4% on Friday, as a weaker dollar and fears ease about Britain’s possible exit from the European Union prompted investors to purchase riskier assets. Brent crude futures' front-month contract rose by $1.98, or 4.2%, to settle at $49.17 a barrel. The front-month in U.S. crude's West Texas Intermediate (WTI) futures boosted $1.77, or 3.8%, to end at $47.98. For the week, Brent declined nearly 3% and WTI lost more than 2%.
read more... 20/06/2016
Daily: Oil dives 4% on fears about Britain exit
Crude oil prices dipped 4 percent and reached one-month lows on Thursday, ending down for a sixth consecutive day, on worries about global economic turmoil if Britain exits the European Union. However, oil pared losses as the sterling appreciated, but crude fell again in post-settlement trade to hit fresh lows on the day. Brent crude futures' front-month contact closed down $1.78, or 3.6 percent, at $47.19 per barrel. The front-month in U.S. West Texas Intermediate (WTI) crude futures lost $1.80, or 3.8 percent, to settle at $46.21 a barrel.
read more... 17/06/2016