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Daily: UK spot gas rebound on lower imports from Norway, outage at gas terminal
Crude oil markets declined on Wednesday, with WTI crude futures falling 4% after optimistic impact from weaker crude inventories was compensated by a large increase in gasoline, intensifying concerns about robust autumn fuel supplies. Brent crude tumbled $1.33, or 2.7 percent, to settle at $47.75 a barrel. WTI crude shed $1.88, or 4.1 percent, to close at $44.48.
read more... 24/09/2015
Daily: Crude oil prices diverge, with Brent up and WTI down 2 %
Crude oil prices diverged on Tuesday, with Brent ending up, while WTI lost 2 % after a partial pipeline outage and bets of upbeat U.S. stockpiles data which helped oil compensate some of Tuesday’s pessimistic sentiment due to weak inventories on Wall Street. Brent's front-month contract for November delivery rose by 16 cents, or 0.3 percent, to close at $49.08 a barrel. U.S. crude's October contract declined 85 cents, or 1.8 percent, to settle at $45.83 before expiring as the front month. The November contract decreased 60 cents to touch $46.46.
read more... 23/09/2015
Daily: British day-ahead gas prices plunge at a three-week low on supply glut
Crude oil prices hiked on Monday, with WTI crude soaring more than 4% on signs of declining inventories, lower drilling activity that could slash future output and an increase in gasoline futures that spurred the overall petroleum complex. U.S. crude for front-month delivery rose $2, or 4.5 percent, to settle at $46.68 a barrel. The front-month in Brent boosted $1.45, or 3.1 percent, to close at $48.92.
read more... 22/09/2015
Daily: German forward power contract at a new 12-year low after Fed decision
Crude oil prices fell on Friday, with WTI losing 5%, after a selloff in Wall Street equities counterbalanced the optimistic impact of a third weekly decline in the U.S. oil rig count. The dollar appreciation worries that OPEC oil production will not be slashed and reduced political tensions in the Middle East from U.S.-Russia negotiations on Syria also weighed on oil. U.S. crude futures for front-month delivery settled down $2.22, or 4.8 percent, at $44.68 a barrel. The front-month in Brent decreased by $1.61, or 3.3 percent, to settle at $47.47.
read more... 21/09/2015
OPEC forecasts oil as high as 80 $/bbl by 2020
OPEC forecasters are assuming that oil prices will increase gradually to reach $80 a barrel by 2020, as supply growth from group non-members weakens. This is on average a $ 5 increase per year.
read more... 18/09/2015