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Daily: U.S. crude oil prices plunge at weakest level since April 2009
Front-month Brent crude lingered around $53 a barrel, down about $3, after falling to $52.66, its lowest level since May 2009. U.S crude eased $2.65, or 5 percent, at $50.04 a barrel, its weakest settlement price since April 2009. Crude oil prices declined as fears of an oversupply that agitated the market for the past six months deepened.
read more... 06/01/2015
Daily: Crude oil prices fell after a volatile trading
Brent crude oil declined by a dollar on Friday following a day of nervous trading despite expectations of fresh investments in 2015, as strong mid-day hikes in crude oil vanished. Brent dropped 91 cents to close at $56.42 a barrel. Previously, it hit a post-2009 low of $55.48, having averaged around $110 a barrel between 2011 and 2013. U.S. crude for February delivery eased 58 cents a barrel to close at $52.69, before a constant 50-cent drop post-settlement.
read more... 05/01/2015
Daily: Brent drops towards $57 since supply glut worries prevail
Brent crude futures dropped towards $57 a barrel on Friday since an excess of oil erased earlier support drawn from a larger-than-anticipated decline in U.S. crude stocks.
read more... 02/01/2015
Daily: European spot power prices jump reflecting stronger heating demand amid cold spell
Crude oil prices dropped on Monday, dropping more than $1 a barrel, dragged down by market’s fears about supply glut and dipping to their lowest level since May 2009. Global benchmark Brent crude decreased $1.57 to close at $57.88. U.S. crude tumbled $1.12 to end at $53.61 a barrel, following Brent downward.
read more... 30/12/2014
Daily: European spot power prices fade ahead of five-day Christmas holiday
Crude oil prices increased by more than $2 a barrel on Tuesday, soaring for a second time in three days, after figures indicated the fastest pace of U.S. economic growth in 11 years, rising expectations for crude demand. Brent boosted $1.58 to settle at $61.69 a barrel, prolonging its rise in post settlement to $62.14. U.S. crude rose by $1.86 to close at $57.12, and rallied thereafter to as high as $57.56.
read more... 24/12/2014