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Daily: Crude oil prices diverge in volatile trade amid a hike in U.S. stockpiles, airstrikes in Syria
Crude oil prices settled mixed in volatile trade on Wednesday, with Brent increasing on concerns about Russian airstrikes in Syria and WTI crude declining after figures showing a hike in domestic stockpiles. For the quarter, both Brent and U.S. crude lost 24 percent, recording their largest decline since the end of 2014. Brent rose by 14 cents, or 0.3 percent, to close at $48.37 a barrel. It shed 10 percent for September. U.S. crude slipped 14 cents, or 0.3 percent, to end at $45.09, reversing earlier gains. For the month, U.S. crude fell 8 percent.
read more... 01/10/2015
Daily: German forward power prices rebound after new-term lows
Crude oil prices boosted by about 2% on Tuesday, but then reduced gains in the post-settlement trade after the American Petroleum Institute (API) reported an unexpected large weekly increase in U.S. crude stockpiles. Front-month WTI closed Tuesday's trade at $45.23 a barrel, up 80 cents, or 1.8 percent on the day. In post-settlement trade, it shed to $44.82. The front-month Brent contract settled up 89 cents, or 1.9 percent, at $48.23. It hit $47.97 after the API figures.
read more... 30/09/2015
Daily: Crude oil prices down 3% amid tumbling equities on Wall Street
Crude oil prices lost nearly by 3 percent on Monday, dragged down by declining equities on Wall Street and pessimistic economic data, even if an expected drawdown in crude inventories at the main U.S. storage hub was likely to curb losses. WTI crude fell 2.8 percent to settle at $44.43 a barrel. Brent crude futures shed $1.18, or 2.5 percent to close $48 a barrel.
read more... 29/09/2015
Daily: European forward electricity prices hit by lower coal, carbon
Crude oil prices rebounded for a second consecutive day on Friday, spurred by an increase on Wall Street and a weaker U.S. rig count. Brent, the global benchmark for oil, rose by 43 cents, or 0.9 percent, to settle at $48.60 a barrel. It gained almost $1 at the session high, then turned negative for a good part of the day before recovering. U.S. crude jumped 79 cents, or 1.8 percent, to close at $45.70. For the week, both Brent and U.S. crude climbed about 2 percent.
read more... 28/09/2015
Daily: European forward power prices near 12-year low tracking weaker coal, carbon prices
Crude oil prices boosted as much as 1% on Thursday, pushed up by stockpiles draw at the U.S. crude futures delivery hub, although gains were curbed by declining equity prices on Wall Street. U.S. crude rose by 43 cents, or almost 1 percent, to settle at $44.91 a barrel. It jumped 69 cents at the session peak and slipped 77 cents at the low. Brent crude increased by 42 cents, or 0.9 percent, to close at $48.17.
read more... 25/09/2015