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Daily: Oil prices decrease by 3% since investors retreat from overnight gains
Oil prices dropped by around 3 percent in Asian trade on Tuesday, with investors covering short positions and taking profits after Brent and U.S. crude increased more than 8 percent in the previous session.
read more... 01/09/2015
Daily: European spot electricity up on increasing demand, curve stable
Brent crude rose by over $1 a barrel on Thursday on an unpredicted drop in U.S. crude inventories and a rally in global equity markets, but a stronger dollar reduced gains.
read more... 27/08/2015
Daily: Brent and U.S. oil touch new 6-1/2-year lows on China and oversupply
Brent and U.S. crude futures touch new 6-1/2-year lows on Monday to decrease below the latest supports of $45 a barrel and $40 a barrel respectively since investors worry that a decelerating Chinese economy will lead to reduced demand amidst a global supply surplus.
read more... 24/08/2015
Daily: WTI crude plunges to six-and-half-year low on unexpected stockpiles hike
WTI crude oil decreased more than 4 percent on Wednesday to reach a 6-1/2-year low and almost break below $40 per barrel, dragged down by a massive unexpected inventories hike in the United States which intensified worries about growing global oversupply. U.S. front-month futures contract, which expires on Thursday, declined $1.82, or 4.3 percent, to settle at $40.80 a barrel. It fell as low as $40.46 during the session, its lowest level since March 2009. The front-month in Brent, the global benchmark for oil, lost $1.65, or 3.4 percent, at $47.16 a barrel. It continued to slip to $2 in post-settlement trade.
read more... 20/08/2015
Daily: European spot electricity prices jump on lower wind output in Germany, higher electricity demand in France
Crude oil prices increased on Tuesday, with WTI crude soaring as much as 2 percent, spurred by optimistic economic figures and bets for weaker crude inventories in the United States, the largest oil consumer in the world. WTI crude rose by 75 cents to settle at $42.62 a barrel. Brent, the London-traded global benchmark for oil, boosted 7 cents to settle at $48.81, snapping a three-day loss. Brent declined initially on Tuesday morning after a stock market collapse in China, the No. 2 oil consumer.
read more... 19/08/2015