Crude oil futures settled up over 4 percent on Thursday as intensified violence in oil producer Libya and a monetary easing by China’s central bank that could increase oil demand provided support. Benchmark Brent crude futures increased by $2.41, or 4.5 percent, to close at $57.57 a barrel. WTI futures rose by up $2.03, or 4.2 percent, to close at $50.48.
read more... 06/02/2015
Crude oil prolonged losses on Wednesday, reversing a four-session gain after U.S. crude stockpiles soared to a record high, posting the global oversupply back into focus. U.S. crude futures eased 8.7 percent, to close at $48.45 a barrel, recording its biggest one-day percentage decline since November 28, 2014. Brent crude plunged $4 to settle at $54 a barrel, having traded as high as $59 a barrel on Tuesday.
read more... 05/02/2015
Ukraine will pay less for Russian gas in the first quarter compared with the last quarter because of a drop in the price of oil, as stated on Tuesday by Sergei Kupriyanov, representative for state-owned gas producer Gazprom.
read more... 04/02/2015
Crude oil prices settled higher again on Tuesday as a depreciating dollar pushed up most commodities, bringing crude’s four-day increase to about 19 percent, its largest since January 2009. Benchmark Brent crude oil increased $3.16, or nearly 6 percent, to close at $57.91 a barrel. It jumped as high as $59 for the first time since end of December. WTI crude boosted $3.48, or 7 percent, to settle at $53.05, after a session peak at $54.24.
read more... 04/02/2015
Total has postponed by several months its plans to drill Denmark's first test wells for shale gas, as stated by the French oil major on Monday.
read more... 03/02/2015