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Daily: European prompt power prices soar on cold spell forecasts
Brent oil edged 1% higher on Friday on short-covering before weekend, while WTI crude declined, but just above the $40-per-barrel threshold, struggling to defend after a hike in stockpiles. Brent futures rose 48 cents to close at $44.66 a barrel. It boosted to as high as $45.50 during its late rally. U.S. crude's WTI for December delivery expired on Friday down 15 cents at $40.39 after attaining a low of $38.99, the weakest since August 27. WTI for January delivery ended 18 cents higher at $41.90.
read more... 23/11/2015
Daily: Brent crude held steady, WTI contract down ahead of contract expiry
Brent oil futures held steady on Thursday, while WTI crude declined ahead of the expiry of the front-month contract and continued to be under pressure from large stockpiles increases. Brent futures rose 4 cents to close at $44.18 a barrel, after touching a low of $43.70 previously in the session. WTI crude declined 21 cents to settle at $40.54.
read more... 20/11/2015
Daily: German power prices edge higher on slight decline in wind power, expected cold snap
Crude oil prices plunged to near three-month lows before ending higher on Wednesday, dragged down by worries about supply glut and WTI crude futures declined to below $40 a barrel as investors covered short positions in late trading, supporting oil prices. U.S. crude's WTI futures rose by 8 cents to settle at $40.75 a barrel, after hitting a session low at $39.91. The last time WTI traded below $40 was on August 27. Brent crude edged 57 cents higher, or 1.3 percent, to end at $44.14, helped by a relatively bullish outlook for the global crude benchmark versus WTI.
read more... 19/11/2015
Daily: British gas prices evolve differently as strong imports offset weaker domestic production
Crude oil futures lost more than 2 percent on Tuesday, continuing their decline after a one-day pause, as U.S. stockpiles boosted for an eight consecutive week. U.S. WTI futures fell $1.07, or 2.6 percent, to settle at $40.67 a barrel. Brent crude futures eased 99 cents, or 2.2 percent, to close at $43.57 a barrel.
read more... 18/11/2015
Daily: Crude oil rebound, wiping out previous losses
Crude oil prices rebounded on Monday, wiping out previous losses, after nearing the psychologically key $40-a- barrel level. WTI crude rose $1, or 2.5%, to settle at $41.74 a barrel. Brent, the global benchmark, boosted by 9 cents, or 0.2%, to close at $44.56 a barrel on ICE Futures Europe.
read more... 17/11/2015