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Daily: German power prices rose on lower wind and solar production
On Thursday oil prices were up 1 percent on U.S.-Iran military tensions in the Gulf and rumors that the dollar will drop according to a monetary policy speech made by the head of U.S. Federal Reserve. Brent crude futures increased by 62 cents, or 1.3 percent, at $49.67 a barrel. U.S. West Texas Intermediate (WTI) futures augmented by 56 cents, or by 1.2 percent, arriving at $47.33.
read more... 26/08/2016
Daily: Gas prices down on an oversupplied system
Oil prices dropped on Wednesday, with U.S. crude reducing by about 3 percent, on renewed worries over oversupply, due to an unexpected huge inventory in the world's biggest oil consumer. U.S. West Texas Intermediate (WTI) futures settled down at $46.77 per barrel, decreasing by $1.33, or 2.8 percent. Brent crude futures dropped by 91 cents, or 1.8 percent, arriving at $49.05.
read more... 25/08/2016
Daily: Oil prices up on news of Iranian support
Tuesday saw the oil prices going up, after rumors that Iran is sending positive signals that they could support an OPEC joint action by limiting this way the market to prop up. Brent crude increased 80 cents, or 1.6 percent, arriving at $49.96 a barrel. U.S. West Texas Intermediate (WTI) crude increased 69 cents, or 1.5 percent, to close at $48.10.
read more... 24/08/2016
Daily: Oil prices down on growing Chinese fuel exports
Oil shed more than 3 percent on Monday, declining from last week's two-month highs, on concerns about growing Chinese fuel exports, with China's July diesel and gasoline exports increasing 181.8 percent and 145.2 percent, respectively, putting this way pressure on refined product margins.
read more... 23/08/2016
Daily: Oil prices increased on rumors that Saudi Arabia and some OPEC members will reach an agreement with non-OPEC producers on a production freeze
Crude oil prices have augmented by about $10 per barrel since early August, on thoughts that Saudi Arabia and other members of OPEC will reach an agreement next month with non-OPEC producers headed by Russia concerning a production freeze. U.S. West Texas Intermediate (WTI) crude ended at $48.22 a barrel, up 30 cents, or 0.6 percent, after reaching a session high of $48.75, the highest level since July 5. Brent settled at $50.88 a barrel, a penny lower, after scaling a two-month high at $51.22. Brent rose by 8 percent on the week, going up for a third week consecutively.
read more... 22/08/2016