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Daily: Crude oil prices rebound nearly 2 % on rallying inventories on Wall Street
Crude oil prices closed nearly 2 percent higher on Wednesday in a nervous trading, spurred by rallying equities on Wall Street after futures have declined on worries about global oversupply. Brent crude for October delivery boosted 94 cents to settle at $50.50 a barrel, having rebounded from a $47.74 low. It reached $51 post-settlement. WTI crude for October delivery increased by 84 cents to close at $46.25, after slipping to $43.21 and reaching $46.77.
read more... 03/09/2015
Daily: Crude oil plunges 8 % on weak Chinese manufacturing data
Crude oil prices plunged on Tuesday, down 8 percent, as weak Chinese manufacturing data sent prices tumbling lower. Brent crude for October delivery dived $4.59, or 8.48 percent, to settle at $49.56 a barrel, then slipped below $49 in post-settlement trade as U.S. equities shaved the day's losses to more than 3 percent. WTI crude shed $3.79, or 7.7 percent, to close at $45.41 following an 8.8 percent gain on Monday. U.S. crude dropped as low as $44.15 after the API report.
read more... 02/09/2015
Daily: Oil prices decrease by 3% since investors retreat from overnight gains
Oil prices dropped by around 3 percent in Asian trade on Tuesday, with investors covering short positions and taking profits after Brent and U.S. crude increased more than 8 percent in the previous session.
read more... 01/09/2015
Maersk obtains UK authorization for production at North Sea’s Culzean gas field
Maersk Oil has obtained authorization by the UK's Oil & Gas Authority to develop the biggest gas field found in the UK North Sea in more than a decade, as stated by the Danish oil firm on Monday.
read more... 01/09/2015
Daily: Oil markets prolonged gains after biggest daily increase in 6 years
Crude oil futures increased on Friday, adding to their major one-day rally in over six years the day before, due to recovering equity markets and news of reduced crude supplies.
read more... 28/08/2015