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Daily: British prompt gas prices ease as Ukraine political risk lessens
Crude oil increased considerably on Friday, with Brent and U.S futures registered their first monthly gains since June, spurred by growing demand forecasts and supply outages. Brent crude boosted $2.53 to close at $62.58 a barrel, with its February’s 18 percent gain the largest monthly percentage increase since May 2009. WTI crude increased $1.59 to settle at $49.76, posting a 3.1 percent February gain.
read more... 02/03/2015
Daily: Crude oil fell sharply on increasing U.S. stockpiles
Crude oil futures dropped considerably on Thursday as increasing stockpiles in the United States pressured both Brent and WTI and countered expectations for rebounding demand. Brent crude for April delivery decreased by $1.58, or 2.56 percent, to settle at $60.05 a barrel, off a $62.63 intraday peak. On Wednesday, Brent rallied 5 percent. U.S. crude for April delivery declined by $2.82, or 5.53 percent, to close at $48.17, after soaring 3.47 percent on Wednesday.
read more... 27/02/2015
Daily: European power prices rally after “positive” EU carbon vote
Brent crude futures soared 5 percent on Wednesday, after Saudi Arabia’s oil minister said oil demand was increasing and figures showed Chinese factories were producing more than projected. Brent crude for April delivery boosted $2.97 to settle at $61.63 a barrel. WTI April crude climbed $1.71 to close at $50.99.
read more... 26/02/2015
Daily: European power prices climb ahead of EU crucial carbon vote
Crude oil futures dropped on Tuesday on expectations that U.S. crude stockpiles boosted again countered supportive news of Libyan oil fields being closed by a power cut. Brent crude for April delivery eased 24 cents to close at $58.66 a barrel, after hitting $60.30. U.S. crude for April delivery dropped 17 cents to settle at $49.28, off a $50.33 intraday peak.
read more... 25/02/2015
Daily: European spot power prices ease on supply pressure
Crude oil prices were mixed on Friday as the number of U.S. rigs drilling for oil dropped more than expected, while heating oil boosted 6 percent on a cold snap that shrunk output at three refineries. The front-month Brent rose just by penny to settle at $60.22, after plunging to a week low of $57.80 on Thursday. WTI's March futures declined 82 cents to close at $50.34 a barrel, expiring as the front-month contract.
read more... 23/02/2015