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Daily: British wholesale gas plunges for the second day on supply glut
U.S. crude oil recovered more than $1 on Wednesday, rebounding from recent straight falls after government data showed the country's crude inventories dipped considerably previous week. U.S. crude for August delivery rose by $1.24 to close at $101.20 a barrel, the highest level since July 10. The European benchmark, Brent contract for August delivery, which expired on Wednesday, fell 17 cents to settle at $105.85 a barrel. Brent price for September delivery augmented 29 cents ending at $107.17.
read more... 17/07/2014
Daily: Crude oil prices slump as Libya pessimistic economic data feed supply glut worries
Crude oil prices slumped by as much as $2 on Tuesday, posting their sharpest plunge this year as increasing Libyan supplies and pessimistic economic data intensified worries that the global market was leading to a near-term oversupply. Brent futures dropped 96 cents to close at $106.02 a barrel, rebounding from a low of $104.39 a barrel earlier in the session, the lowest level since April 2. U.S. crude futures dipped 95 cents to close at $99.96 a barrel.
read more... 16/07/2014
Daily: Europe power prices rally on weaker supply, strong demand
Crude oil prices posted a moderate gain on Monday on signs of healthy supplies as tensions in Libya and Iraq tempered. Brent crude rose 32 cents to close at $106.98 a barrel, while U.S. crude futures boosted 8 cents to settle at $100.91 a barrel. The spread between the two benchmarks settled at $6.07.
read more... 15/07/2014
Daily: Brent crude dips at three-month low on attenuating geopolitical risks
Brent crude oil reached a three-month low on Friday, prolonging losses for the third consecutive week as concerns about supply interruptions in the Middle East and North Africa continued to attenuate. The decline also weighed on U.S. crude futures, which dipped to a two-month low under $101.
read more... 14/07/2014
Daily: Crude oil prices rebound after long losing strip
Crude oil prices recovered from a long losing streak on Thursday as traders bought back contracts to secure their profits. Brent crude increased 39 cents to settle at $108.67 a barrel, rebounding after eight days of losses, the longest slump since 2010. U.S. crude rose 64 cents to close at $102.93 a barrel, recovering from a nine-day losing strip, the longest slide since late 2009.
read more... 11/07/2014