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Daily: Crude oil prices decline towards $37 since weak outlook prevails
Crude oil futures reduced towards $37 per barrel on Wednesday since the market stayed under pressure because of decreasing demand and higher supplies, while predictions that a cold snap in Europe and the United States would be short-lived also influenced prices.
read more... 30/12/2015
Daily: Brent crude near 11 year-low as supply glut concerns come back
Crude oil prices declined over 3% on Monday, with Brent nearing 11-year lows again as oversupply worries returned. Brent declined $1.27 to close at $36.62 a barrel, after slipping to a session low of $36.52. It hit $35.98 on Tuesday, its weakest level since 2004. WTI ended the session down $1.29 at $36.81, after an intraday low at $36.66.
read more... 29/12/2015
Daily: Crude oil prices rebound to close above $38 a bbl
Crude oil prices rebounded to settle above $38 a barrel on Thursday, with U.S. crude receiving support from declining stockpiles, pushing WTI crude to a premium to global benchmark Brent for the first time in about a year. Brent crude rose 53 cents to settle at $37.89 a barrel. It plunged to $35.98, an 11-year low, on Tuesday. U.S. crude edged 60 cents higher to close at $38.10 after gaining more than 8 percent last week.
read more... 28/12/2015
Daily: European spot power prices decline ahead of Christmas
Oil futures continued to recover from multiyear lows on Wednesday, closing sharply higher after figures showed that U.S. crude stockpiles recorded an unexpectedly large decline previous week. On the New York Mercantile Exchange, light, sweet crude futures for delivery in February rebounded $1.36, or 3.8%, to settle at $37.50 a barrel. Brent crude for February delivery on London’s ICE Futures exchange rose $1.25, or 3.5%, to end at $37.36 a barrel, ending a five-session losing streak.
read more... 24/12/2015
Daily: WTI crude posts a premium to Brent for the first time since August 2010
The U.S. crude oil benchmark on Tuesday posted a premium to its global equivalent for the first time in more than five years, partly supported by the lifting of a four-decade ban on U.S. oil exports and pessimistic bets before the year-end made by analysts. Futures on Brent crude declined 24 cents, or 0.7%, to end at $36.11 a barrel on London’s ICE exchange, while futures for February delivery of West Texas Intermediate crude climbed 33 cents, or 0.9%%, to settle at $36.14 a barrel. WTI closed above Brent on August 16, 2010.
read more... 23/12/2015