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Daily: Crude oil loses ground as OPEC considers output reduction
Crude oil prices lost ground on Wednesday, dragged down after OPEC sources said that the group will likely consider an output ceiling at its meeting in Vienna on Thursday. U.S. crude's West Texas Intermediate (WTI) futures ended down 9 cents at $49.01 a barrel, off a session low of $47.75. Brent futures declined 17 cents to settle at $49.72, after plunging $48.65 earlier. The session high was $50.
read more... 02/06/2016
Daily: European power prices increased due to low temperatures
Oil prices have seen yesterday a slight decrease due to a stronger dollar, while crude futures registered a fourth straight monthly gain on the investors thought that the global surplus insignificantly reduced. Brent crude futures for July was down 7 cents settling at $49.69 a barrel, meanwhile U.S. crude futures dropped by 23 cents, attaining $49.10 a barrel.
read more... 01/06/2016
Daily: Brent nears $50 a barrel ahead of OPEC producer meeting
Crude oil prices rose toward $50 a barrel on Monday, although uncertainty ahead of an OPEC producer-meeting later in the week was expected to curb gains. Brent crude futures boosted 44 cents to settle at $49.76 a barrel, reversing losses from earlier in the day. There was no settlement in U.S. West Texas Intermediate crude futures because of the U.S. Memorial Day holiday, but at 18:39 GMT, WTI edged 27 cents up at $49.60.
read more... 31/05/2016
Daily: European spot electricity prices ease on robust renewable production in Germany and France
Crude oil prices declined for a second consecutive day on Friday as some investors took profit on a hike to seven-month highs while others concerned about robust production with market hovering close to $50 a barrel. Brent crude eased 27 cents, or 0.5 percent, to settle at $49.32 a barrel. It climbed to $50.51 in the previous session, its highest level since early November. U.S. crude shed 15 cents, or 0.3 percent, to close at $49.33. It reached an October high of $50.21 on Thursday. On the week, Brent posted a 1 percent increase and U.S. crude about 3 percent, spurred by gains from earlier this week.
read more... 30/05/2016
Daily: Crude oil price curb gains after hitting $50 a barrel on oversupply worries
Crude oil prices touched $50 a barrel on Thursday for the first time in seven months, but curbed gains on the day as investors worried that the hike could spur output and add to the global oversupply. Brent rallied as high as $50.51, its highest level since early November, then retreated and closed down 15 cents at $49.59 a barrel. WTI eased 8 cents to settle at $49.48, after touching $50.21, its highest level since early October.
read more... 27/05/2016