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Daily – Brent, U.S. crude turns lower after brief rally
Brent and U.S. crude oil futures decreased on Wednesday after a brief rally as strong increase in crude stocks at the Cushing, Oklahoma hub countered data indicating falls in refined products stock and an overall rise in crude inventories that was along with expectations. By 15:05 GMT, ICE Brent crude traded at 125.92 dollars a barrel, losing 30 cents in choppy trading between 125.55 and 126.68 dollars, while WTi crude settled at 106.11 dollars, losing 60 cents after a trading range between 106.03 and 107.02 dollars.
read more... 15/03/2012
Daily – low economic data from China to spur worries about oil demand
WTi and ICE Brent crude oil futures decreased on Monday ending three consecutive days of gains as low economic data from China increased worries about oil demand. WTi crude oil for April delivery traded at 106.34 dollars a barrel, losing 1.06 dollars after a trading range from 105.38 and 107.56 dollars, while ICE Brent crude for April delivery valued 125.34 dollars a barrel, down 64 cents after having traded between 124.20 and 125.98 dollars.
read more... 13/03/2012
Daily – oil prices up on prospects for easing monetary situation in China
Crude oil futures settled higher for a third day in line on Friday supported by higher-than-expected U.S. jobs data increase for February outlook for more monetary easing in China and relief that Greece avoided an immediate default. WTi crude for April delivery traded at 107.40 dollars a barrel, up 82 cents, while ICE Brent crude oil for April delivery valued 125.98 dollars a barrel, up 54 cents.
read more... 12/03/2012
Daily – Power down on coming milder weather
WTi and Brent crude oil futures continued to go down in post-settlement trading on Tuesday following industry released data which indicated an increase in domestic crude stocks at 4.6 million barrels previous week, much more as predicted in a Reuters poll. By 21:36 GMT, WTi crude for April delivery traded at 104.74 dollars a barrel, down 1.98 dollars, while ICE Brent crude for April delivery settled at 122.14 dollars a barrel, losing 1.66 dollars.
read more... 07/03/2012
Daily – WTi and Brent end down on Saudi worries
U.S. and ICE Brent crude oil futures decreased over 2 percent on Friday as Saudi Arabia denied a report on a pipeline fire, reassuring markets over its oil supply, and a higher dollar led investors to pare their holdings in riskier assets in oil and other commodities. WTi crude for April delivery traded at 105.80 dollars a barrel, losing 3.04 dollars, while ICE Brent crude for April delivery valued 123.65 dollars a barrel, down 2.55 dollars.
read more... 05/03/2012