Crude oil prices resumed their downward trend on Monday on Saudi Arabia’s minister declarations that OPEC would not curb production at any price. Brent crude decreased by $1.27, or 2 percent, to settle at $60.11 a barrel after a session low of $59.84. U.S. crude's front-month contract declined $1.87, or 3.3 percent, to close at $55.26 a barrel.
read more... 23/12/2014
Crude oil boosted by as much as 5 percent on Friday, posting its largest increase in over two years as traders took profits on short positions after prices reached the weakest level since 2009. Brent crude for front-month delivery jumped $2.11, or 3.4 percent, to settle at $61.38 a barrel, after closing twice this week below the psychologically key level of $60, and continued to boost as high as $62.66 in post-settlement trade. WTI's front-month crude boosted $2.41 to close at $56.52 a barrel, ending the day on an unusually positive note at just 39 cents off the intra-day peak.
read more... 22/12/2014
Global crude oil prices posted a fresh decrease on Thursday, a day after a short-covering gain, as traders bet again that the market would resume a six-month rout on concerns about a supply glut. Brent and U.S. crude slumped 2$ a barrel each in late trading after initially extending Wednesday's short-covering. Brent's front-month contract eased $1.91 to settle at $59.27 a barrel, after reaching a session low at $59.17. U.S. crude's front-month contract slipped $2.36 to close at $54.11, having fallen to $54.05 earlier.
read more... 19/12/2014
Global oil prices surged by as much as 6 percent on Wednesday after weekly oil figures showed a decrease in crude inventories at Cushing, taking traders and analysts by surprise. Brent crude for February delivery increased by $1.17, or 2 percent, to settle at $61.18 a barrel. It jumped by as much as $3.39, or 5.6 percent, during the session. U.S. crude's front-month contract rose by 54 cents, or 1 percent, at $56.47 after mounting earlier to $58.98. Further after the settlement, the market pared gains, plunging into negative territory.
read more... 18/12/2014
Brent crude futures declined for a fifth consecutive day on Tuesday to close below $60 a barrel, while WTI crude ended a volatile session slightly higher as trading of expiring options helped defend the price above $55. Brent crude for January delivery slipped $1.20, or nearly 2 percent, to settle at $59.86 a barrel. The contract has lost more than 10 percent in five days of trading. U.S. crude's front-month rose 2 cents to close at $55.93 a barrel. Its session low of $53.60 was the lowest since May 2009.
read more... 17/12/2014