Latest news
Daily: European spot power prices fell on holiday, forwards gain support from higher fuel prices
Crude oil prices boosted about 2 percent on Wednesday after the U.S. government unveiled a bigger-than-expected fall in crude stockpiles, but profit-taking after the data release kept prices below the $50 a barrel level. Brent crude rose by $1.13, or 2.3 percent, to settle at $49.74 a barrel. Prices jumped as high as $49.96 in post-settlement trading. U.S. crude's West Texas Intermediate (WTI) increased 94 cents to settle at $49.56, after hitting a seven-month high at $49.62.
read more... 26/05/2016
Daily: Crude oil approaches $50 a bbl on larger U.S. inventories draw
Crude oil jumped about 1 per cent on Tuesday on data from the American Petroleum Institute (API) showing that U.S. crude stockpiles fell 5.1 million barrels last week, two-fold the expectations of analysts. After settlement, crude prices approached $50 a barrel. The bullish oil reflects supply disruptions aftermath Canada’s wildfires. U.S. crude’s West Texas Intermediate (WTI) futures rose 54 cents, or 1.1 per cent, to settle at $48.62 a barrel. Brent crude futures climbed 26 cents, or 0.5 per cent, to close at $48.61, finishing a four-day slide.
read more... 25/05/2016
Daily: Crude oil prices tumble for fourth consecutive session after Iran stated won’t freeze output
Crude oil fell again on Monday after Iran said it has no plans to join any output freeze by other major crude producers and as the number of rigs drilling for crude in the United States remained steady after dipping for eight consecutive weeks. WTI's front-month eased 33 cents to settle at $48.08 a barrel, after plumbing a session low at $47.40. Brent's front-month lost 37 cents to close at $48.35, off the day's low of $47.58.
read more... 24/05/2016
Daily: Europe prompt power prices increase on colder weather forecasts
Crude oil prices declined on Friday as a stronger dollar spurred investors to take profit on a second week of gains and a persistent supply concerns. Global benchmark Brent crude eased 9 cents to settle at $48.72 a barrel, while U.S. crude shed 41 cents to close at $47.75 per barrel.
read more... 23/05/2016
Daily: British gas prices continue to decline on higher supplies, weaker oil
Crude oil prices ended flat on Thursday as concerns about Canadian and Nigerian supply outages curbed the impact of a firmer dollar, which has increased on expectations that the Federal Reserve will raise interest rates next month. Brent's front-month contract, for July delivery, eased 12 cents to settle at $48.81 a barrel. It had declined $1.55, or more than 3 percent, to $47.38 a barrel during the session. WTI's June contract fell 3 cents to end at $48.16 a barrel, expiring as the front-month. It slipped to $46.73 earlier.
read more... 20/05/2016