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Daily: European power spot prices jump as cold weather is lifting demand
Brent crude oil climbed 54 cents to settle at $111.94 a barrel on Tuesday, backed by buying related to the annual rebalancing of the S&P GSCI commodity index. Meanwhile, front-month U.S. crude oil futures eased by 4 cents on Tuesday to settle at $93.15 a barrel, weakening as the S&P GSCI commodity index - one of the two biggest commodity indexes - began to rebalance for 2013.
read more... 09/01/2013
Does speculation drive commodity prices?
A federal judge threw out the U.S. Commodity Futures Trading Commission's vaunted rules limiting speculative trades in energy, grain and metal markets, adding new fuel to a long-raging debate: does excessive speculation drive commodity prices higher?
read more... 02/10/2012
UK: SSE customers to see their energy bills up 9%
SSE, UK energy utility, announced that from mid-October electricity and gas bills will increase by 9%, blaming higher energy network costs, regulation and higher commodity prices. Around half of the cost of SSE's energy bills is determined by wholesale levels.
read more... 24/08/2012
Daily – Global Markets Plunge after Fed Decision
The dollar rallied to a seven-month high on the outlook of higher short-term interest rates after Federal Reserve’s decision to sell $400 billion of short-term Treasury bonds to buy longer-dated debt and offered a gloomy economic prospect. The announcement let down investors who had hoped for stronger stimulus measures, causing a drop in equities and commodity prices. European stock index futures plunged over 2.5% after a drop of over 4% on Asian exchanges, while gold lost 1% and copper reached nearby the day's low.
read more... 22/09/2011
Daily energy Overview, Tuesday, August 09, 2011
U.S. and Brent crude oil futures pared huge losses on Monday, having hit the lowest level since February after a U.S. credit downgrade sparked financial and commodity markets. U.S crude for September delivery traded at 81.31 dollars a barrel, down 5.57 dollars, registering the lowest level since November 23, 2010, when it closed the session at 81.25 dollars a barrel.
read more... 09/08/2011