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Daily: European power prices tumble on stronger wind output in Germany
Brent and WTI crude futures boosted on Thursday spurred by upbeat economic data from the United States after an ample supply outlook and as Chinese economic figures had earlier pressured prices. Brent crude for October delivery on Thursday climbed 35 cents to settle at $102.63, up from its session low of $101.21. U.S. crude for October delivery increased 51 cents to close at $93.96 a barrel, reversing earlier losses.
read more... 22/08/2014
Daily: Brent crude rebounds from a 14-month low
Brent and U.S. crude recorded modest gains on Wednesday, after Brent rebounded from a 14-month low hit on Tuesday. Brent crude for October delivery boosted 72 cents to close at $102.28 a barrel. The expiring U.S. September crude contract raised 1.59$ to settle at $96.07, while the October crude rose 59 cents to settle at $93.45.
read more... 21/08/2014
Daily: British gas prices increase on tight flows from Norway
Brent crude plunged, hitting a new 14-month low during Tuesday's session as the forecasts of stronger Iraqi and Libyan oil supplies weighed on the market. Brent crude oil for delivery in October declined 4 cents to hit at $101.56 a barrel, after slipping to $101.07, the lowest level since June 2013. WTI crude oil fell nearly $2 on Tuesday, falling for a second consecutive day as a rush of selling ahead of the session settlement dragged the contract to its lowest price since January. U.S. crude for September delivery tumbled abruptly a day ahead of its contract expiration, touching a session low of $94.27, its weakest level in seven months, before paring losses to settle at $94.48 a barrel, down $1.93.
read more... 20/08/2014
Daily: Brent crude plunges at 14-month low as supply risks attenuate
Brent crude oil dropped by about $2 a barrel to hit its weakest point in over a year on Monday as investors’ worries about conflicts in Ukraine and Iraq attenuated and as stronger Libyan oil production added to already robust supplies. Brent crude declined $1.93 to close at $101.60 a barrel, after hitting a session low of $101.11, the lowest since June 2013. U.S. crude for September delivery tumbled by 94 cents to settle at $96.41, after paring losses from an earlier low of $95.81.
read more... 19/08/2014
Daily: Brent crude holds near 13-month low on shaky European economy
Brent crude rose on Friday, but valued near a 13-month low below $103 a barrel as a precarious European economy increased worries about demand in an oversupplied market. Brent crude increased by 48 cents to trade $102.55 a barrel by 02:21 GMT, but the September contract, which expired on Thursday, had dropped $2 to close at $102.01, the weakest level since June 2013. U.S. crude rebounded 12 cents to trade at $95.70 a barrel.
read more... 18/08/2014