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Daily: Brent crude slumps amid strong OPEC oil production
Brent crude slipped on signs of strong OPEC oil production, while U.S. crude also declined on Thursday, going below $98 a barrel, reaching the weakest level since March amid news of an eventual closure for indefinite period at a Kansas oil refinery. Brent crude for September delivery closed down 49 cents at $106.02 a barrel, having declining more than 6 percent in July, on track to hit its biggest monthly fall since April 2013. U.S. crude futures for September delivery slipped $2.10 to settle at $98.17 a barrel, on course for a monthly drop of nearly 7 percent, its largest since May 2012.
read more... 01/08/2014
Daily: European power prices fall as fears of Russia sanctions attenuate
Crude oil prices dropped on Wednesday, with Brent falling due to supplies glut in Europe and Asia, while U.S. crude followed the trend despite a larger-than-expected decline in national inventories. Brent crude tumbled $1.21 to settle at $106.51 a barrel. WTI crude fell 70 cents to close at $100.27 a barrel, after hitting a low of $99.90.
read more... 31/07/2014
Daily: Brent crude climbs on fresh sanction against Russia
Brent crude closed slightly higher on Tuesday on fresh sanctions against Russia which will aggravate relations between Moscow and the West, while the U.S. prices fell after a Kansas refinery fire cut demand for WTI crude. Brent crude rose 15 cents to close at $107.72 a barrel, after oscillating between $107.13 and $108.05 earlier in the session. U.S. crude eased 70 cents to settle at $100.97 a barrel after hitting an intraday low of $100.37, the lowest level since mid-July.
read more... 30/07/2014
Daily: European power prices increase on further sanctions concerns against Russia
Crude oil declined on Monday on signs of supplies surplus of North Sea and West African crude and as sluggish demand in Europe and Asia counterbalanced fears of intensifying tensions in Ukraine and in the Middle East. Brent crude for September delivery fell 82 cents to settle at $107.57 a barrel, after hitting a low of $107.01 earlier in the session. WTI crude futures for September delivery dropped 42 cents to settle at $101.67, rebounding from an intraday low of $100.90.
read more... 29/07/2014
Daily: Brent crude reverses losses on worsening relations between Russia and the U.S.
Brent crude curbed previous losses to rebound over $1 a barrel on Friday on worsening relations between Russia and the United States increased fears of supply disruptions in the market. Brent crude for September delivery climbed $1.32 to settle at $108.39 a barrel, the highest settlement price since July 10. U.S. crude for September delivery boosted 2 cents to close at $102.09 a barrel, after declining as low as $101 a barrel earlier in the session.
read more... 28/07/2014