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Daily: European spot power prices rally on forecasts for a sharp fall in German wind power output
Crude oil prices dropped considerably on Wednesday, with U.S. crude nearing $80 a barrel after data showed a second sharp increase in weekly U.S. crude inventories. Brent crude for December delivery slipped $1.51 to settle at $84.71 a barrel, while WTI crude decreased by $1.97 or 2.5 percent to close at $80.52 a barrel, just above the session low of $80.28.
read more... 23/10/2014
Daily: Crude oil prices settle up on stronger demand from China
Brent crude oil settled up almost 1 percent on Tuesday, buoyed by figures showing stronger-than-expected China demand and some technical price rebound after weeks of continuous selling. Brent increased by 82 cents to settle at $86.22 a barrel. U.S. West Texas Intermediate (WTI) crude boosted 10 cents, or 0.1 percent, at $82.81, after reaching a session peak at $84.05.
read more... 22/10/2014
Daily: British wholesale natural gas prices slip on warmer temperatures, curbed demand
Brent crude dropped on Monday, falling below $86 a barrel as concerns about oversupply and weak demand dragged down worldwide oil benchmark back to last week’s four-year low. WTI crude hovered below $83 a barrel. Brent settled as low as $84.41, after having dropped 69 cents at $85.47 a barrel by 1945 GMT. U.S. crude declined 4 cents to close at $82.71 a barrel. The spread between Brent and U.S. crude extended at $3.39 a barrel.
read more... 21/10/2014
Daily: German electricity prices decline on higher wind power output
Crude oil prices posted a modest gain on Friday, recovering from near four-year lows as investors bought back into a an oversold market and as conflicts in Iraq intensified political risk. Brent for December delivery increased by 34 cents to close at $86.16 a barrel. Brent contract for November delivery expired on Thursday. U.S. November crude, boosted 5 cents to settle at $82.75, registering its consecutive third weekly decline.
read more... 20/10/2014
Daily: European coal prices dip on warm weather forecast
Crude oil prices dropped to a four-year low before recovering and world equity markets tumbled again on Thursday as investors worried about world growth and a revived European debt crisis after two years of stability. Brent crude for November delivery increased 69 cents to settle at $84.47 a barrel, after a previous decline to $82.60 a barrel, the lowest level since November 2010. U.S. crude jumped by 92 cents to close at $82.70 a barrel.
read more... 17/10/2014