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Daily: Oil prices soar on dollar depreciation, military operations in Yemen, speculative buying
Crude oil soared by about 3 percent on Wednesday, spurred by the dollar depreciation, military operations in Yemen triggered by Saudi Arabia and speculative buying in spite of American inventories building to record highs. Benchmark Brent oil rose by $1.37, or 2.5 percent, to settle at $56.48 a barrel. It had hit $57.17 earlier. U.S. crude boosted $1.70, or 3.6 percent, to close at $49.21 a barrel. The session peak was at $49.46.
read more... 26/03/2015
BP estimates Tanap gas pipeline project agreement within two months
British oil major BP anticipates to ink an agreement with the Trans-Anatolian Natural Gas Pipeline (TANAP) project within two months to turn into a stakeholder in the multi-billion dollar project that wishes to diminish Europe's dependence on Russian gas.
read more... 26/03/2015
Daily: French premium over German power prices extends on colder weather
Brent crude oil eased on Tuesday as the dollar regained ground against the euro and the concerns about global supply glut persisted while WTI crude was spurred by optimistic domestic economic figures. Brent futures for May delivery closed at $55.11 per barrel, down 81 cents. U.S. crude oil boosted 6 cents to settle at $47.51.
read more... 25/03/2015
Daily: British prompt gas prices decline on firmer supply from Norway
Crude oil prices increased on Monday, buoyed by weaker dollar that counterbalanced pressure on prices from a supply glut. Oil prices were pressured as Saudi Arabia has stood firm on its decision to keep production levels, saying it would consider reducing output only if producers outside OPEC also did so. U.S. crude futures rose by 88 cents to settle at $47.45 on Monday, up 1.9 percent. Brent price boosted more than 1 percent to close up 60 cents at $55.92 per barrel.
read more... 24/03/2015
Daily: Crude oil prices settle up on dollar depreciation
Crude oil prices recovered on Friday, with Brent snapping two consecutive weeks of losses and WTI crude boosting 4 percent following dollar depreciation on interest rate uncertainty. Oil prices also received support from Iran’s ambition to strike a nuclear deal with world powers. Brent price for front-month delivery rose by 89 cents, or 4 percent, to settle at $55.32 a barrel. It posted a 1.2 percent gain on the week. U.S. crude for April delivery increased by $1.76, or 1.6 percent, to close at $45.72. It gained 2 percent on the week.
read more... 23/03/2015