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Daily: European spot power prices jump on cold spell, weaker wind supply in Europe
Crude oil prices were little changed on Monday after hitting the highest level since nearly two months, as the dollar appreciation following the collapse of Greek debt negotiations helped to offset intensifying violence in Libya and worries about exports from Kurdistan. Brent futures fell 3 cents to hit $61.49 a barrel by 3 p.m. EST after touching an intra-day peak of $62.57 a barrel. U.S. March crude futures were flat at $52.78 a barrel. There was no settlement on Monday due to a U.S. public holiday, with Monday’s activity to be registered on Tuesday.
read more... 17/02/2015
Average price of Russian gas set to plummet by up to 35% this year
The price of Russian gas supplied to most of the European countries and Turkey could plummet by up to 35% in 2015, tracking lower oil prices, according to Russian newspaper Vedomosti.
read more... 16/02/2015
Daily: Crude oil hits the highest level in 2015 as economic growth overtake expectations, on decline in the U.S oil rig count
Crude oil stroke the highest level for the year on Friday, with Brent crude increasing above $60 a barrel, as eurozone economic growth overtook expectations and figures showed another decline in the U.S. oil rig count. Brent rose by about $2 to settle at $61 a barrel, having touched $61.77 earlier. U.S. crude increased $1.57, or 3.1 percent, to close at $52.78 a barrel, after hitting a session peak of $53.32 earlier. Many analysts and traders consider there is a global supply glut of nearly two million barrels per day in crude oil.
read more... 16/02/2015
Daily: Crude oil rebounds after two days of losses on sinking U.S dollar, investments cuts
Crude oil prices jumped on Thursday after two days of losses on news of sharper industry investments cuts following a near-halving of oil prices since June and on weakening U.S. dollar. Expiring March Brent futures boosted $2.39, or 4.37 percent to close at $57.05 a barrel after a 3 percent decline on Wednesday. U.S. March crude futures increased $2.37 or 4.85 percent to settle at $51.21.
read more... 13/02/2015
Daily: Crude oil prices decrease as U.S. crude stocks rocket to the highest level since 1982
Crude oil prices dropped as much as 3 percent on Wednesday as U.S. inventories rocketed to the highest level since 1982, reaching nearly 418 million barrels. Benchmark Brent oil fell below the $55-per-barrel support level, down $1.77, or 3 percent, to close at $54.66 a barrel on Wednesday. U.S. crude decreased $1.18, or about 2 percent, to settle at $48.84 a barrel.
read more... 12/02/2015