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Daily: Crude oil prices tumble on economic gloom spread
Crude oil prices tumbled on Wednesday after a short recovery from four-year lows did not succeed to gain ground, as equity markets slumped and economic gloom continued. Brent crude for November delivery, which expires on Thursday, dropped $1.26 to settle at $83.78 a barrel, after trading earlier as low as $83.37, its weakest level since 2010. It slipped nearly $4 on Tuesday, the most considerable decline in three years. U.S. crude closed just 6 cents lower at $81.78 as buyers returned early in the day after the contract reached $80.01.
read more... 16/10/2014
Daily: European forward power contracts recover from six-month lows on weak buying
Brent crude prices recorded their largest drop in more than three years on Tuesday as fears about slowing world economy and the spread of Ebola has created anxiety between investors. Brent futures traded down 4 percent to settle at $85.32 a barrel, having hit a low of $84.48. U.S. crude declined 4.2 percent to close at $82.12.
read more... 15/10/2014
Daily: oil price dropped thus far to attain US shale oil production
Brent crude oil dropped to its lowest level in almost four years, while European coal futures declined close to seven year lows.
read more... 14/10/2014
Daily: Worldwide oil recovers from a 4-year low on the end-of-week short covering
Worldwide crude oil prices recovered on Friday, after plunging to the weakest level in about four years earlier in the day, as the end-of-week short-covering stagnated a near four-month rout. Brent crude for November delivery rose 16 cents to settle at $90.21 a barrel after earlier slipping to $88.11, the lowest level since December 2010. U.S. November crude increased by just 5 cents to close at $85.82 a barrel. The contract earlier reached a session low of $83.59, its weakest since July 2012.
read more... 13/10/2014
Daily: Brent crude loses ground on concerns over global economy, supply
Brent stroke below $90 a barrel on Thursday for the first time since the summer 2012, dragged down by pessimistic outlook and increasing oil stockpiles curbed energy prices. Brent crude for front-month delivery decreased $1.33 to settle at $90.05, its weakest settlement since June 2012. WTI crude for November delivery closed at $85.81, its lowest level since December 2012, and continued to slip in post-settlement trading to $85.02.
read more... 10/10/2014