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Daily: Crude oil prices decline on unseasonably gloomy demand, crude and refined products ample supplies
Crude oil futures dropped on Thursday as unseasonably gloomy demand and ample supplies of crude and refined products compensated strong Chinese manufactory data which in July posted its fastest growth in 18 months. Brent crude for September delivery declined 96 cents to settle at $107.07 a barrel, after closing 70 cents higher on Wednesday, while the American benchmark, WTI crude fell $1.05 to close at $102.07 a barrel, after increasing 73 cents in the previous session. The spread between the two benchmarks settled at $5.
read more... 25/07/2014
Daily: German power prices at 4-month high on threat of new sanctions against Russia
Crude oil prices increased on Wednesday, as oil inventories in the U.S. dropped more than predicted and as geopolitical tensions in Eastern Europe and the Middle East continued. Brent crude for September delivery boosted 70 cents to close at $108.03 and continued to rebound in post-settlement trade to hit $108.19 at 3:48 p.m. EDT (1948 GMT), while U.S. crude for September delivery boosted 73 cents to $103.12 a barrel.
read more... 24/07/2014
Obama paves the way for East Coast oil and gas exploration
The Obama administration gave the green light o Friday to the Eastern Seaboard to be reopened to offshore oil and gas exploration, a milestone decision in decades.
read more... 23/07/2014
Daily: European coal prices increase on new wave of sanctions against Russia
Crude oil prices closed down after a nervous trading session on Tuesday as oil supplies remained untouched by continuing violence in Iraq, Ukraine and Gaza. Brent crude for September delivery dropped 35 cents to hit $107.33 a barrel, after having fluctuated between $107.20 and $108.40. U.S. oil for August delivery declined 17 cents to settle at $104.42 a barrel, down from a session high of $105.25.
read more... 23/07/2014
Daily: British prompt gas plunge on ample supply
Crude oil prices rallied on Monday as the West increased pressure on Russia over its involvement in the downing of Malaysia passenger jet last week. Brent crude for September delivery increased by 44 cents to settle at $107.68 a barrel. Prompt U.S. oil for August delivery boosted by $1.46 to close at $104.59 a barrel, as traders rushed to cover positions ahead of Tuesday's expiration. WTI price for September delivery soared 91 cents to settle at $102.86 a barrel.
read more... 22/07/2014