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Daily: European coal prices plunge to more than 7-year low on supply glut
Crude oil prices climbed on Wednesday, with Brent recovering from a four-year low, as traders reacted to gossip of a pipeline explosion in Saudi Arabia and upbeat news related to U.S. crude inventories. Benchmark Brent oil settled up 13 cents at $82.95 a barrel. U.S. WTI crude rebounded $1.49 to settle at $78.68 a barrel.
read more... 06/11/2014
Daily: Crude oil prices decline as Saudi cuts price for U.S. customers, soars others
Crude oil dropped by as much as $2 a barrel in the final minutes of regular trade on Monday, attaining new lows in New York as Saudi Arabia intensified price cuts for U.S. customers. Brent crude quickly turned positive on news that Saudi company Aramco had increased their monthly selling prices to Asia and Europe. Brent crude declined as low as $84.18 per barrel, but closed at $84.78. U.S. crude prices traded at its lowest level since mid-2012 as Aramco also cut its prices for U.S. customers. WTI crude hit a low of $78.14 per barrel, its lowest level since June 2012, before ending down $1.76 at $78.78.
read more... 05/11/2014
Daily: British prompt gas prices climb on undersupplied system, colder weather
Worldwide crude oil prices reversed a hike on Monday, with Brent trading lower after a sharp increase in Saudi Arabia’s monthly export prices is expected to curb output, discouraging buyers. Brent crude posted a considerable decline, off more than $1 to settle at about $84 per barrel. Previously it had declined below $85 as a stronger dollar slapped oil and gold, commodities that are priced in the U.S. currency. U.S. crude eased more than 2 percent, settling down $1.76 at $78.78 per barrel.
read more... 04/11/2014
Daily: Crude oil prices plunge for the fourth consecutive month
Crude oil prices continued to drop for the fourth consecutive month on Friday, dragged down by another round of monetary stimulus from Japan pushed up the U.S. dollar and hammered a crude market already oversupplied. Brent and U.S. crude tumbled by nearly a dollar to post both the steepest monthly fall since May 2012. Brent crude for December delivery fell 38 cents for the day to settle at $85.86, consolidating a monthly loss of 9 percent. WTI crude declined 58 cents to close at $80.54 per barrel, recording a loss of 11.6 percent this month.
read more... 03/11/2014
Daily: European power prices fall on milder weather, higher renewable production
Brent crude futures dropped below $86 a barrel on Friday as a result of a firmer dollar and a well supplied oil market.
read more... 31/10/2014