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Daily: European spot power prices climb on weaker wind supply, strong demand in France
Crude oil futures slashed previous losses to close steady on Wednesday after a smaller-than-expected supply increase in the United States and a decline in the number of U.S. rigs actively drilling for oil. Brent crude futures rose 5 cents to settle at $46.17 on Wednesday, after slipping more than $1 to a session low of $45.03. U.S. crude's WTI futures ended the session 17 cents higher at 43.04 a barrel. WTI had also shed over $1 to hit an intraday low of $41.72.
read more... 26/11/2015
Daily: Oil prices increase after big rally on amplified Mideast risk
Crude oil futures extended gains on Wednesday after prices attained two-week highs in the earlier session since tension amplified in the Middle East following Turkey's struck a Russian warplane.
read more... 25/11/2015
Daily: Oil prices increased on Saudi pledge for stable prices, firm dollar weigh
Crude oil futures increased over one percent on Tuesday after Saudi Arabia promised to work towards oil price stability, while a firm U.S. dollar and an expected increase in U.S. crude stocks aided to keep the gains in check.
read more... 24/11/2015
Daily: European prompt power prices soar on cold spell forecasts
Brent oil edged 1% higher on Friday on short-covering before weekend, while WTI crude declined, but just above the $40-per-barrel threshold, struggling to defend after a hike in stockpiles. Brent futures rose 48 cents to close at $44.66 a barrel. It boosted to as high as $45.50 during its late rally. U.S. crude's WTI for December delivery expired on Friday down 15 cents at $40.39 after attaining a low of $38.99, the weakest since August 27. WTI for January delivery ended 18 cents higher at $41.90.
read more... 23/11/2015
Daily: German power prices edge higher on slight decline in wind power, expected cold snap
Crude oil prices plunged to near three-month lows before ending higher on Wednesday, dragged down by worries about supply glut and WTI crude futures declined to below $40 a barrel as investors covered short positions in late trading, supporting oil prices. U.S. crude's WTI futures rose by 8 cents to settle at $40.75 a barrel, after hitting a session low at $39.91. The last time WTI traded below $40 was on August 27. Brent crude edged 57 cents higher, or 1.3 percent, to end at $44.14, helped by a relatively bullish outlook for the global crude benchmark versus WTI.
read more... 19/11/2015