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Daily: Crude oil prices tumble on intensified worries about oversupply
Crude oil prices closed down nearly 4 percent on Monday on intensified worries of crude oil oversupply , with U.S. crude falling below 40$ per barrel on Monday for the first time since April. Brent crude ended down $1.39, or 3.2 percent, at $42.14 a barrel, after a session low of $41.87. U.S. West Texas intermediate (WTI) crude closed at $40.06, its weakest level since April 20, down $1.54, or 3.7 percent.
read more... 02/08/2016
Daily: WTI posts the biggest monthly loss in a year in July
Crude oil prices were flat on Friday after reaching three-month lows during a week-long selloff driven by a continuing global oversupply , prompting a monthly decline of nearly 15 percent, the largest monthly loss in a year for U.S. WTI. Brent contract for September delivery, which expired as the front-month contract, ended at $42.46 a barrel, down 0.6 percent on the day and 14.5 percent lower on the month. That was the biggest monthly decline for Brent since December. Brent contract for October delivery boosted 30 cents to close at $43.53, after attaining $42.52, its weakest level since April 19. WTI contract for September delivery gained 46 cents, or 1 percent, to settle at $41.60 a barrel, after declining below $41 for the first time since April 20.
read more... 01/08/2016
Daily: U.S. crude hits the largest monthly loss in a year pressured by oversupply concerns
Crude oil prices closed down nearly 2 percent on Thursday, attaining the lowest level since April and with U.S. crude poised to hit the largest monthly loss in a year, on intensifying worries about crude oversupply. U.S. crude's West Texas Intermediate (WTI) futures fell 78 cents, or 1.9 percent, to settle at $41.14 a barrel. WTI earlier dipped to $41.04, its weakest since April 20. Brent crude futures declined 77 cents, or 1.8 percent, to close at $42.70, after slipping earlier to $42.56, the lowest since April 18.
read more... 29/07/2016
Royal Dutch Shell: Quarterly earnings plummet over 70%, challenged by low oil and gas prices
British oil major Royal Dutch Shell reported a sharp drop in its quarterly profits, down by more than 70%, below analysts’ expectations.
read more... 28/07/2016
Daily: UK gas prices hit by supply glut
Crude oil prices declined 3 percent on Wednesday, with WTI crude futures reaching three-month lows, as U.S. crude and gasoline inventories hiked on low demand during the peak summer driving season. U.S. West Texas Intermediate (WTI) crude futures fell $1, or 2.3 percent, to settle at $41.92 a barrel. WTI's session low was $41.68, the weakest level since April 20. Brent futures eased $1.40, or 3.1 percent, to close at $43.47 a barrel. Brent earlier slipped to $43.33, the lowest since May 10.
read more... 28/07/2016