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Daily: European prompt power prices diverge on stronger wind, cold temperatures
Crude oil tumbled on Monday, with WTI crude dipping at its weakest level following comments from OPEC that prices may have found a floor and could move higher soon. Global benchmark Brent dropped 1.3 percent to settle at $48.16. U.S. crude decreased by about 1 percent, ending at $45.15, the lowest price for the existing front-month contract.
read more... 27/01/2015
Daily: Brent crude settles up on uncertainty after Saudi king’s death
Brent crude increased on Friday supported by market uncertainty over the future Saudi oil production following the death of King Abdullah bin Abdulaziz, placing renewed focus on the kingdom’s oil policy. Meanwhile, WTI crude declined on signs of supply glut. Brent crude inched up 27 cents to close at $48.79 a barrel, while U.S. crude dropped 72 cents to settle at $45.59.
read more... 26/01/2015
Daily: British prompt gas prices dragged down by an oversupplied transmission network
Crude oil prices reduced earlier losses, but still closed lower on Thursday after a government report showed the largest increase in U.S. crude stockpiles in at least 14 years. U.S. crude declined 1.47$ at $46.31. Brent closed at $48.52 a barrel after dropping 51 cents.
read more... 23/01/2015
Daily: European forward power prices rally to a four-session high
Global oil prices pared a two-day loss and increased by about 2 percent on Wednesday on expectations that prices will rebound as energy companies slashed production investment to ease an oversupply that erased more than half crude’s value since June. Brent crude boosted $1.04 to settle at $49.03 a barrel, while WTI crude climbed $1.31 to close at $47.78 a barrel.
read more... 22/01/2015
Daily: Crude oil down $1 on economic concerns in China, Iraqi oil output record
Brent crude oil prices slipped below $49 a barrel and U.S. crude also declined more than $1 on Monday on pessimistic global economic outlook and as Iraqi oil production hit a record.
read more... 20/01/2015