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Daily: Brent declines at $44.44/bbl on OPEC concerns
Brent crude futures ended lower on Tuesday on expectations that OPEC will not reduce output, continuing to pumping crude at record levels to defend market share against non-member oil producers such as the United States and Russia. Brent crude declined 17 cents, or 0.4 percent, to settle at $44.44 a barrel. U.S. crude's WTI futures boosted 20 cents to close at $41.85.
read more... 02/12/2015
Daily: European prompt power rebound as German wind output is expected to halve
Crude oil declined on Monday, reversing a previous hike following the release of a survey which estimated higher OPEC production in November, while a stronger dollar dragged down the demand for commodities denominated in the currency. Brent crude futures eased 25 cents, or 0.6 percent, to settle at $44.61 a barrel. WTI futures fell 6 cents to close at $41.65, down from a session high at $42.61.
read more... 01/12/2015
Daily: Crude oil prices settle lower in light volume
Crude oil prices closed lower in light-volume in New York on Friday as the dollar rocketed to an eight-month high and a decline in Chinese equities added pressure to an oversupplied market. WTI settled down $1.33 at $41.71 a barrel, trading just over 280,000 lots after Thursday's Thanksgiving holiday. Benchmark Brent oil ended the session down 60 cents, or more than 1%, to settle at $44.86.
read more... 30/11/2015
Daily: Crude oil prices fell on continuous oversupply
Crude oil prices declined on Thursday after six days of gains, as worries that intensifying tension in the Middle East could disrupt supply vanished and the focus returned to continuous oversupply. Brent crude fell 71 cents to settle at $45.46 a barrel, having earlier decreased more than $1 to a session low of $45.00 a barrel. WTI futures eased 53 cents lower at $42.51 per barrel at 19:57 GMT, after boosting to $43.30 earlier in the session.
read more... 27/11/2015
Daily: European spot power prices climb on weaker wind supply, strong demand in France
Crude oil futures slashed previous losses to close steady on Wednesday after a smaller-than-expected supply increase in the United States and a decline in the number of U.S. rigs actively drilling for oil. Brent crude futures rose 5 cents to settle at $46.17 on Wednesday, after slipping more than $1 to a session low of $45.03. U.S. crude's WTI futures ended the session 17 cents higher at 43.04 a barrel. WTI had also shed over $1 to hit an intraday low of $41.72.
read more... 26/11/2015