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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 down 3 percent on record high inventories, Goldman caution
Crude oil prices declined 3 percent on Tuesday after six days of gains for Brent crude, as Goldman Sachs said that the hike was unsustainable and industry figures indicated U.S. inventories attained record highs again last week. Brent eased $1.19, or 2.9 percent, to settle at $39.65 a barrel after reaching a 2016 peak of $41.48 during the session. U.S. crude slipped $1.40, or 3.7 percent, to close at $36.50, after increasing earlier to a three-month high of $38.39.
read more... 09/03/2016
Daily: British spot gas prices increase on weaker supply from UK's continental shelf
Crude oil prices settled up 4 percent as optimistic U.S. jobs figures and technical factors spurred buying that resuscitated this week’s hike after a one-day pause. Brent futures, the global benchmark for crude, rose $1.65, or 4.5 percent, to close at $38.72 a barrel. U.S. crude's West Texas Intermediate (WTI) futures boosted $1.35, or 3.9 percent, to settle at $35.92.
read more... 07/03/2016
Daily: Crude oil losses enthusiasm after three days of hikes
Crude oil hike run out of the steam on Thursday after three consecutive days of gains as a record high of U.S. inventories countered OPEC plans for an output freeze. WTI crude futures closed slightly lower and Brent rose after figures from market intelligence provider Genscape showed stockpiles at the Cushing, Oklahoma delivery hub boosted 1.1 million barrels to 68.7 million during the week to March 1. Brent futures increased 14 cents to close at $37.07 a barrel, after hiking earlier to $37.37. Brent has rebounded nearly $2 since Friday's settlement. U.S. crude futures eased 9 cents to end at $34.57.
read more... 04/03/2016
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