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Daily: Crude oil declines in volatile trade on Fed’s decision to leave rate unchanged
Crude oil prices declined worldwide on Thursday, resuming their fall after a short hike following the Federal Reserve’s decision not to increase its interest rate in September. Brent crude for November delivery lost 67 cents to settle at $49.08 a barrel. U.S. October crude dropped 25 cents to close at $46.90 a barrel. Brent's premium to U.S crude withdrew, and settled at $1.88 a barrel.
read more... 18/09/2015
Daily: Crude oil up by around 6% on Fed speculation, large drawdown at Oklahoma
Crude oil prices boosted as much as 6 percent on Wednesday, buoyed by the largest U.S. crude drawdown in seven months at the key delivery point in Cushing, Oklahoma, triggering a new wave of market volatility.
read more... 17/09/2015
Daily: U.S. crude posts a 3% hike spurred by gains on Wall Street
WTI crude oil boosted by around 3 percent on Tuesday, spurred by gains on Wall Street, higher gasoline prices and a robust inventory draw report, while Brent increased modestly. U.S. crude's front-month rose by 59 cents, or 1.3 percent, to settle at $44.59 a barrel. In post-settlement trade, it climbed as much as $1.25, or 2.8 percent, to $45.25 a barrel by 4:50 p.m. EDT (2050 GMT), as a reaction to the API stockpiles report. London-traded Brent crude edged 26 cents higher at $46.63 a barrel as the October contract expired.
read more... 16/09/2015
Daily: European power prices diverge, with German lower on strong winds
Crude oil lost more than 3% on Monday, pressured by a decline in gasoline prices and fears about whether the United States will have its first interest rate increase in nearly a decade. WTI futures lost 63 cents, or 1.41 percent, to close at $44 a barrel. Front-month Brent crude futures eased $1.70, or 3.6 percent, to settle at $46.40 a barrel.
read more... 15/09/2015
Daily: Crude oil ends down about 2% as Goldman Sachs lowers price forecast
Crude futures declined by 2 percent or more on Friday after Goldman Sachs slashed its forecast for oil, however a bullish sentiment from recovering U.S. inventories prices and less drilling for oil helped to curb losses.
read more... 14/09/2015