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Daily: Crude oil prices decline over 3 % amid supply glut, weak equities in China
Crude oil futures lost more than 3 percent on Monday, dragged down by weaker equities in China and robust North Sea crude production data that added to global supply glut worries. Brent crude for October delivery declined by $1.98 to close at $47.76 a barrel, down 3.73 percent. U.S. crude slipped $1.80 to trade at $44.25 per barrel by 2:48PM EST (1848 GMT), with trading volume of around 75,000 lots less than one-quarter the norm due to the U.S. Labor Day holiday.
read more... 08/09/2015
Daily: European spot power prices rebound amid lower renewable output
Crude oil futures declined about 2 percent on Friday as traders paid little attention to a decline in the number of U.S. rigs drilling for oil and focused instead on an oversupply and falling stock prices on Wall Street. WTI crude dropped 70 cents, or 1.5 percent, to settle at $46.05. It posted a 1.7 percent hike on the week, after last week's near 12 percent gain, the largest since 2011. Brent crude lost $1.07, or 2.1 percent, to close at $49.61 a barrel. It registered a 0.9 percent decline on the week.
read more... 07/09/2015
Daily: European spot power prices decline on robust supply
Crude oil prices rebounded on Thursday, following gains in Wall Street equities for a second consecutive day, although U.S. crude inventories posted a weekly increase that weighted on oil outlook. Brent front-month contract rose 18 cents to settle at $50.68 a barrel. At one point during the session it had hiked above $52. U.S. crude's front-month advanced 50 cents to settle at $46.75. It hit above $48 earlier.
read more... 04/09/2015
Daily: Crude oil prices rebound nearly 2 % on rallying inventories on Wall Street
Crude oil prices closed nearly 2 percent higher on Wednesday in a nervous trading, spurred by rallying equities on Wall Street after futures have declined on worries about global oversupply. Brent crude for October delivery boosted 94 cents to settle at $50.50 a barrel, having rebounded from a $47.74 low. It reached $51 post-settlement. WTI crude for October delivery increased by 84 cents to close at $46.25, after slipping to $43.21 and reaching $46.77.
read more... 03/09/2015
Daily: Crude oil plunges 8 % on weak Chinese manufacturing data
Crude oil prices plunged on Tuesday, down 8 percent, as weak Chinese manufacturing data sent prices tumbling lower. Brent crude for October delivery dived $4.59, or 8.48 percent, to settle at $49.56 a barrel, then slipped below $49 in post-settlement trade as U.S. equities shaved the day's losses to more than 3 percent. WTI crude shed $3.79, or 7.7 percent, to close at $45.41 following an 8.8 percent gain on Monday. U.S. crude dropped as low as $44.15 after the API report.
read more... 02/09/2015