Latest news
Daily: Crude oil prices fell as stronger dollar counters stockpiles decline
Crude futures declined on Thursday, dragged down by dollar appreciation which countered the optimistic sentiment from a decline in U.S. inventories that was much sharper than expected. Brent crude fell 7 cents, or 0.1 percent, to close at $53.31 a barrel. U.S. crude decreased by 27 cents, or 0.6 percent, to settle at $48.52.
read more... 31/07/2015
Daily: European spot power prices decline on higher wind output expectations
Crude oil futures settled higher on Wednesday on bullish stockpiles report from the Department of Energy and after Dow Jones indicated that Saudi Arabia would retreat its production after the summer. U.S. crude for September delivery rose by 81 cents to close at $48.79 a barrel Wednesday after soaring as much as 2.5 percent from six-month lows earlier in the session. Front-month Brent futures increased by 6 cents at $53.36 a barrel, having recovered from an intraday low of $52.51.
read more... 30/07/2015
Daily: Crude oil starts to gain ground after four-day loss
Crude oil prices erased a part of their recent decline on Tuesday, with Brent rebounding from near six-month lows and WTI crude rising more than 1 percent, spurred by bets for a decline in U.S. inventories which attenuated worries about a global oversupply and China’s stock market plunge. Brent futures decreased by 17 cents, or 0.3 percent, to close at $53.30 a barrel. It had hit $52.28 earlier in the session, its lowest since early February. U.S. crude futures boosted 59 cents, or 1.2 percent, to settle at $47.98 a barrel.
read more... 29/07/2015
Daily: European prompt power prices diverge, with German down, French up
Crude oil futures touched four-month lows on Monday after a sharp decline in China’s stock markets which intensified worries about the economic health of the largest energy consumer in the world, while data showed a growing crude glut. Brent crude oil slipped $1.15, or 2 percent, to close at $53.47 a barrel. U.S. crude dropped 75 cents, or 1.6 percent, to settle at $47.39.
read more... 28/07/2015
Daily: Crude oil plunges to the weakest level since March on pessimist economic figures from China
Brent and WTI crude futures plunged on Friday to their lowest point since March and registered their fourth consecutive weekly decline as pessimistic economic data from China and an increase in U.S. oil drilling rigs put pressure. Brent crude for September delivery dipped 65 cents to close at $54.62 a barrel, the lowest settlement since March 19 and off 4.3 percent for the week. U.S. crude for September delivery shed 31 cents to settle at $48.14, its weakest settlement since March 31 and down 5.5 percent for the week. The session low of $47.72 was the lowest intraday price since April 1.
read more... 27/07/2015