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Daily: European carbon allowances recover from an 11-week low, up 2.7%
Crude oil prices closed higher on Wednesday, recovering from previous losses after a report showed a surprising drawdown in crude oil stockpiles in the United States, the biggest consumer in the world. Brent crude for November delivery boosted by 10 cents to settle at $96.95 a barrel, increasing over $1 from $95.60, the lowest level since July 2012. WTI crude gained $1.24 arriving at $92.80 a barrel.
read more... 25/09/2014
Daily: Brent crude dips as supply glut offsets Mideast turmoil
Brent crude oil dropped on Tuesday as plentiful global supplies offset tensions in the Middle East, while U.S. crude oil rebounded after four sessions of losses. Brent crude for November delivery slipped 12 cents to close at $96.85 a barrel after increasing as high as $97.59 a barrel in early trading. WTI crude jumped 69 cents to settle at $91.56 a barrel, recovering from a session low of $90.58, which was its weakest level since September 11. Its premium to Brent narrowed to around $5.25 a barrel.
read more... 24/09/2014
Daily: European prompt power prices decline on considerable drop in wind power capacity
Crude oil futures dropped on Monday as plentiful supply and declining economic growth in Europe and China eclipsed expectations of a reduction in oil production from the Organization of the Petroleum Exporting Countries (OPEC). Brent crude for November delivery eased $1.42 to close at $96.97 a barrel, having slipped $2.01 intraday to $96.38. The WTI October crude contract slipped 89 cents to settle at $91.52 a barrel and, down for a fourth consecutive session, while U.S. November crude closed at $90.87, down 78 cents.
read more... 23/09/2014
Daily: Brent drops back under $98 on lower demand, abundant supply
Brent crude dropped under $98 a barrel on Monday, a decrease for the third session in four, since lower demand and plentiful supplies outweighed a potential halt in oil production from the Organization of the Petroleum Exporting Countries (OPEC).
read more... 22/09/2014
Daily: British prompt natural gas prices boost on undersupplied system
Crude oil prices dropped on Thursday, dragged down by plentiful supply, worries about demand growth and a stronger U.S. dollar. Brent eased $1.27 to settle at $97.70 a barrel, with prices falling around 15 percent from a nine-month peak of $115.71 reached in June. U.S. crude slipped $1.35 to close at $93.07 a barrel a day following a decline due to government data that showed U.S. crude inventories increased 3.7 million barrels last week.
read more... 19/09/2014