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Daily: European coal posts a slight recovery along with other markets
Brent crude oil futures increased above $103 a barrel on Friday, registering the first monthly hike in five months, after comments from Federal Reserve governors that the Fed is not hurrying to scale back its massive bond-buying program. Meanwhile, Brent crude oil futures added 18 cents to $103 a barrel by 02:51 GMT, after dropping to a session low of $102.44 earlier as investors sold off gains from the previous session. U.S. crude oil increased 11 cents to $97.16 a barrel.
read more... 01/07/2013
Daily: European spot power prices trade higher on weak German wind power output
Crude oil boosted on Wednesday backed by a considerable increase in U.S. gasoline stocks, encouraged by gains in the stock market and heavy spread trading. Brent crude for August delivery rose 40 cents to settle at $101.66 a barrel, while U.S. crude traded 18 cents up to settle at $95.50 a barrel. The Brent benchmark traded down 8.5 percent for the quarter, its third quarterly consecutive loss, having declined after Fed Chairman Ben Bernanke performed a roadmap last week to slow bond buying and on concerns about an economic slowdown in China.
read more... 27/06/2013
Daily: European power prices decreased on a major wind power production in Germany
Crude oil was down on Thursday on concerns about looming U.S. budget discussions and signs of increasing anxiety by the U.S. Federal Reserve about buying bonds to spur economic growth. The U.S. budget crisis was under strongly surveillance by the oil markets , as well as steady problems in the euro zone, for signs over a possible decrease in fuel demand.
read more... 04/01/2013
Daily: Brent crude climbs for a fifth consecutive session ahead of German decision
Brent crude climbed for a fifth consecutive session on Wednesday, trading above $115 a barrel on investors’ cautious optimism that the German court would approve the legality of the euro zone’s bailout fund. The oil prices were also supported by the expectations that the U.S. Federal Reserve would unveil a third round of bond purchasing on Thursday.
read more... 12/09/2012
Daily: British spot gas prices declining on a milder weather
Oil prices were steady on Tuesday as the German ZEW survey, which measures analyst and investor sentiment, showed a better-than-expected German economic data and a successful Italian bond auction eased concerns about European demand, while fears about supply disruption due to Middle East tensions continued to support the market.
read more... 14/02/2012