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Daily: Oil prices near flat in calm trade ahead of Christmas
Crude oil prices did not change significantly on Monday in quite traded ahead of Christmas as the market waited to observe whether U.S. shale gas production would increase enough to offset projected output cuts by OPEC, Russia and other producers in 2017. Brent futures for February delivery fell 29 cents or 0.5 percent, to settle at $54.92 a barrel, while U.S. West Texas Intermediate crude for January gained 22 cents, or 0.4 percent, to close at $52.12 per barrel.
read more... 20/12/2016
Daily: Crude oil prices rebound as Goldman Sachs hikes oil forecast for 2017
Crude oil prices edged higher on Friday, hitting nearly a 17-month high after Goldman Sachs increased its forecast for 2017 and producers showed signs of joining to a global deal to slash output. Brent futures rose by $1.19, or 2.2 percent, to settle at $55.21 a barrel, while U.S. West Texas Intermediate crude advanced $1, or 2 percent, to close at $51.90 per barrel. The premium of the Brent front-month over the same U.S. contract closed at $2.26 a barrel, its highest since the end of August.
read more... 19/12/2016
Polish regulator authorized PGNiG gas price increase for Q1 2017
Poland's largest gas company PGNiG will raise the price of high-methane gas it sells by 12.2 percent and the price of nitrogen-rich gas by 13.4 percent from the beginning of next year, the firm said, mentioning an approval from energy regulator URE.
read more... 19/12/2016
Daily: European spot electricity prices diverge, with German contract up amid lower winds forecasts
Crude oil prices ended little changed on Thursday after hesitating the whole session between the negative influence of a strengthening dollar and the persistent speculation of a consequent decrease of the supply following the OPEC’s agreements. Brent futures for February delivery rose by 12 cents, or 0.2 percent, to settle at $54.02 per barrel, while U.S. crude lost 14 cents, or 0.3 percent, to settle at $50.90, its lowest level in a week.
read more... 16/12/2016
Daily: Crude oil losses 3% on firmer dollar after Fed’s decision to hike interest rates
Crude oil prices fell more than 3 percent on Wednesday as the dollar strengthened after the U.S. Federal Reserve’s decision to hike interest rates and after an increase in crude stockpiles at the largest U.S. storage hub renewed worries about a supply glut. Brent crude futures ended at $53.90 per barrel, down $1.82, or 3.27 percent after slipping as low as $53.80. U.S. crude closed the session down $1.94, or 3.66 percent at $51.04 per barrel after hitting a low of $50.92.
read more... 15/12/2016