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Daily: British prompt natural gas prices soar on short supply, cold weather
Crude oil prices soared again on Monday, as some investors bet that a bottom had created to the seven-month long strip on the market even as others remained pessimistic. Benchmark Brent and U.S. oil futures oscillated in a range of about $4 a barrel, one of their largest in weeks, as near-term technical signals showed further gains, while fundamental figures continued to pose an impact on the market. Brent rose by $1.76, or 3.3 percent, to settle at $54.75 a barrel, fluctuating between a session peak of $55.62 and a low of $51.41. WTI crude increased $1.33, or 2.8 percent, to close at $49.36 a barrel, oscillating between $50.56 and $46.67.
read more... 03/02/2015
Daily: Oil prices start to surge on a record decline in U.S. oil drilling
Crude oil prices rebounded from six-year lows on Friday, rallying more than 8 percent, supported by a record weekly decline in U.S. oil drilling. The hike may raise speculation that a seven-month price plunge is over. Brent crude increased by 3.86 to settle at $52.99 a barrel, after shooting up to as high as $53.08, the highest level in more than three weeks. U.S. oil futures rose by $3.71 to close at $48.24, rebounding by nearly $3 in a final hour.
read more... 02/02/2015
Daily: French spot power prices fell on higher nuclear availability
Crude oil prices posted a modest increase on Thursday on preliminary U.S. data indicating weekly jobless claims at a near 15-year low, showing signs of further strength in the world’s largest economy. WTI crude rose 8 cents to close at $44.53 a barrel, rebounding from its session low of $43.58. Brent crude increased 66 cents to settle at $49.13 a barrel, off its session peak of $49.24.
read more... 30/01/2015
Daily: European coal futures plunge at near nine-year low
Crude oil prices decreased on Wednesday, with WTI crude prices dipping at near six-year lows, after the government announced record-high stockpiles in the United States that intensified worries about the global oil glut that put pressure on the market since the last summer. Benchmark Brent crude declined $1.13, or 2.3 percent, to close at $48.47, after a session low at $48.29. U.S. crude's front-month contract dropped $1.78, or almost 4 percent, to close at $44.45 a barrel.
read more... 29/01/2015
Daily: British prompt natural gas prices jump on forecasts for cold weather return
Crude oil boosted as much as 3 percent on Tuesday as the dollar depreciation spurred commodities, but prices pared their highs in the post-settlement trading on signs of another increase in U.S. stockpiles. Benchmark Brent crude rose $1.44, or 3 percent, to settle at $49.60 a barrel after jumping to just a penny short of $50. U.S. crude futures boosted $1.08, or 2.4 percent, to end at $46.23 a barrel, after a session high at $46.55.
read more... 28/01/2015