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Daily: European spot power prices diverge, with German up and French declining
Crude oil prices edged higher on Thursday, spurred by a hike in gasoline and technical charts calling for stronger prices slashed by concerns about high U.S. crude stockpiles. Brent crude rose by 23 cents, or 0.5 percent, to settle at $48.08 a barrel. WTI crude boosted 18 cents, or 0.4 percent, to close at $45.38.
read more... 23/10/2015
Daily: Crude oil plunges 2% to the three-week low on higher increase in U.S. inventories
Crude oil prices plunged by about 2% to hit three-week lows on Wednesday as the U.S. government unveiled a larger than expected increase in crude inventories, although important declines in gasoline and distillates prevented a more abrupt slide in crude futures. WTI crude slipped $1.09, or 2.4 percent, to settle at $45.20 a barrel. It touched a three-week low of $44.86 earlier. Global oil benchmark Brent closed down 86 cents, or 1.8 percent, at $47.85 a barrel, after registering an early October low of $47.50.
read more... 22/10/2015
Daily: Oil closes mixed, with WTI slipping before stockpiles report
Crude oil prices diverged on Tuesday, with WTI crude closing down slightly, as traders awaited the U.S. government’s stockpiles figures amid a global supply glut that was dragging down prices. According a preliminary report by the industry group American Petroleum Institute (API), U.S. crude inventories had boosted 7 million barrels last week. Brent futures for December delivery edged 10 cents higher to settle at $48.71 a barrel. U.S. crude futures for November delivery, which expired at Tuesday's settlement, dropped 34 cents to close at $45.55 per barrel.
read more... 21/10/2015
Daily: Europe spot power prices up on stronger demand, lower French nuclear capacity
Crude oil declined by about 4% on Monday, dragged down by a decrease in gasoline futures which added to pressure to a weakening market due to a slower growth in China and signs that Iranian oil will return to the market soon after the signature of its nuclear deal. The dollar appreciation and a weaker equity market on Wall Street weighed on the petroleum complex. Brent crude fell $1.85, or 3.7 percent, to settle at $48.61 a barrel. WTI crude lost $1.37, or 3 percent, to close at $45.89, in lighter volume ahead of Tuesday's expiry for November spot contract.
read more... 20/10/2015
Austria’s OMV to be hit with charges of €1bln due to a collapse in oil prices
Austria’s OMV has revised its oil price assumption for next years and decided to take special charges in the third quarter of the year of around €1billion ($1.1 billion) in its upstream business.
read more... 19/10/2015