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Daily: Crude oil falls 2 percent on uncertainty about output cut at OPEC summit
Crude oil prices declined by 2 percent to hit near four-year lows on Tuesday in another volatile session as a meeting in Saudi Arabia and three other nations ahead of an OPEC summit closed with no sign of an accord to cut oil production. Benchmark Brent crude decreased $1.35 to settle at $78.33, slipping from an intraday peak of $80.44. U.S. crude fell $1.69 to close at $74.09. It declined more than $2 in post-settlement trade, hitting $73.71.
read more... 26/11/2014
Daily: European forward prices hit 11-week highs on forecasts of winter cold snap
Crude prices settled lower, with Brent trading below $80 a barrel, after a volatile session on Monday, as Russia tried to influence OPEC to cut production. Benchmark Brent crude oil's front-month contract closed down 68 cents at $80.28 a barrel. U.S. crude's front-month declined 73 cents to fluctuate between $75.48 and $77.02.
read more... 25/11/2014
Daily: Crude oil ends up on stronger demand from China
Brent crude oil settled up almost 1 percent on Tuesday, spurred by data showing stronger-than-expected demand in China and some technical price rebound after weeks of practically uninterrupted selling. Brent increased by 82 cents to trade at $86.22 a barrel. It climbed as much as $1.06, or 1.2 percent, during the session to $86.48. U.S. WTI crude ended up 10 cents, or 0.1 percent, at $82.81 a barrel in New York, after attaining a session high at $84.05.
read more... 24/11/2014
Daily: European power prices plunge tracking weak carbon prices
Crude oil prices soared on Thursday, recovering after a three-day loss, as upbeat U.S. economic data supported crude markets, but focus persisted on whether OPEC will curb output to halt a five-month long selloff. Benchmark Brent oil increased $1.23 to settle at $79.33 a barrel, after hitting a session high of $79.46. U.S. crude boosted $1 to close at $75.58 after an intraday peak of $75.76.
read more... 21/11/2014
Daily: British natural gas prices soar as robust demand surpasses supply
Crude oil prices dropped for a third consecutive day on Wednesday, as early rise was curbed by talks of an eventual OPEC output reduction and after the Federal Reserve unveiled minutes of previous month’s policy meeting, voicing its concerns that U.S. inflation could remain below target for "quite some time." Benchmark Brent crude oil declined 37 cents to settle at $78.10 a barrel, after gaining as much as 98 cents during the session. U.S. crude fell 3 cents to close at $74.61, after a session high at $75.40.
read more... 20/11/2014