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Daily: British gas prices drop on oversupply forecast by National Grid
Brent crude increased to about $110 a barrel on Wednesday on escalating tensions in Ukraine, while WTI crude prices remained almost unchanged after a publication of a report showing a strong increase in stockpiles, which attenuated geopolitical worries.
read more... 17/04/2014
Daily: Brent crude climbs on civil wars worries in Ukraine
European benchmark, Brent crude posted a modest gain on Tuesday on news that a civil war is close to trigger in Ukraine. However the gains were curbed by forecasts of a resumption of oil exports from Libya.
read more... 16/04/2014
Daily: European spot electricity prices jump on colder weather, weaker wind power supply
Brent crude oil boosted more than $1.50 on Monday as violence intensified in Ukraine and as Western powers decided to expand sanctions against Russia, while U.S. crude posted a modest gain on positive retail sales figures that gave assign that U.S. economy is rebounding.
read more... 15/04/2014
Daily: U.S. crude oil jumps to about 6-week high on stronger gasoline demand
U.S. crude oil rocketed to near a six-week high on Friday, encouraged by solid gasoline demand and a positive consumer confidence report, but gains were slashed by profit taking and falling demand forecast, published by IEA. Meanwhile, Brent crude prices dropped on Friday, dragged down by Russia’s warnings that it could cut Ukraine’s natural gas supply.
read more... 14/04/2014
Daily: WTI crude oil increases on sharp rise in gasoline demand
WTI crude oil boosted by more than $1 on Wednesday as gasoline demand rocketed in the U.S., pushed up by technical trading, while Brent crude registered a modest gain following strained relations between Russia and the West. The U.S. Energy Information Administration data, showing a sharp build in gasoline demand, drove up U.S. gasoline and crude oil prices above key technical level.
read more... 10/04/2014