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Daily: Oil prices plunge 5 % as investors turn their attention to talks for a potential Iran nuclear deal
Crude oil prices declined 5 percent on Friday, wiping out the previous session’s gains, since it was less probable that Yemen’s conflict will cut Middle East crude shipments and investors turned their attention to talks for a potential Iran nuclear deal that could add supply on the market. Benchmark Brent and U.S. crude oil traded most of the session in a tight range, down about 2 percent, but they dropped considerably in late trading. Brent declined by $2.78 to settle at $56.41 a barrel. WTI crude slipped $2.56 to close at $48.87.
read more... 30/03/2015
Daily: Crude oil prices rebound by 5 % on air strikes in Yemen
Crude oil prices boosted by about 5 percent on Thursday, the largest daily gain in a month as air strikes in Yemen triggered by Saudi Arabia and its Gulf Arab allies fueled fears that escalation of the Middle East conflict could disrupt world crude supplies. Brent crude soared $2.71, or 4.8 percent, to settle at $59.19 a barrel. WTI crude increased $2.22, or 4.5 percent, to close at $51.43, approaching 2015 highs.
read more... 27/03/2015
Daily: Oil prices soar on dollar depreciation, military operations in Yemen, speculative buying
Crude oil soared by about 3 percent on Wednesday, spurred by the dollar depreciation, military operations in Yemen triggered by Saudi Arabia and speculative buying in spite of American inventories building to record highs. Benchmark Brent oil rose by $1.37, or 2.5 percent, to settle at $56.48 a barrel. It had hit $57.17 earlier. U.S. crude boosted $1.70, or 3.6 percent, to close at $49.21 a barrel. The session peak was at $49.46.
read more... 26/03/2015
Daily: French premium over German power prices extends on colder weather
Brent crude oil eased on Tuesday as the dollar regained ground against the euro and the concerns about global supply glut persisted while WTI crude was spurred by optimistic domestic economic figures. Brent futures for May delivery closed at $55.11 per barrel, down 81 cents. U.S. crude oil boosted 6 cents to settle at $47.51.
read more... 25/03/2015
Daily: British prompt gas prices decline on firmer supply from Norway
Crude oil prices increased on Monday, buoyed by weaker dollar that counterbalanced pressure on prices from a supply glut. Oil prices were pressured as Saudi Arabia has stood firm on its decision to keep production levels, saying it would consider reducing output only if producers outside OPEC also did so. U.S. crude futures rose by 88 cents to settle at $47.45 on Monday, up 1.9 percent. Brent price boosted more than 1 percent to close up 60 cents at $55.92 per barrel.
read more... 24/03/2015