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Daily: Crude oil prices rally on Malaysian airplane crash, Gaza conflict
Crude oil prices slipped in thin trade on Friday, but posted their firstly weekly increase in a month following the crash of the Malaysian plane over eastern Ukraine and as Israeli troupes invaded Gaza. Brent dropped 65 cents to close at $107.24 a barrel, reversing the previous day's gains. WTI crude slipped 6 cents to hit $103.13, after touching a session high of $103.94 and settling $1.99 higher on Thursday, a hike that partially reversed three weeks of losses.
read more... 21/07/2014
Daily: Crude oil prices jump on new Russia sanctions, jet crash
Crude oil prices rallied on Thursday, recovering from a weeks-long decline on new U.S. sanctions unveiled on Wednesday and after a Malaysian airliner was shot down over eastern Ukraine, considerably intensifying the conflict between Russia and Ukraine. Brent crude for September delivery increased by 72 cents to settle at $107.89, while U.S. crude climbed for a second consecutive session, settling up $1.99 at $103.19 per barrel, its strongest point since mid-June.
read more... 18/07/2014
Daily: British wholesale gas plunges for the second day on supply glut
U.S. crude oil recovered more than $1 on Wednesday, rebounding from recent straight falls after government data showed the country's crude inventories dipped considerably previous week. U.S. crude for August delivery rose by $1.24 to close at $101.20 a barrel, the highest level since July 10. The European benchmark, Brent contract for August delivery, which expired on Wednesday, fell 17 cents to settle at $105.85 a barrel. Brent price for September delivery augmented 29 cents ending at $107.17.
read more... 17/07/2014
Tougher sanctions: Oil giant Rosneft receives a major blow from U.S.
The U.S. has unveiled a new row of sanctions on Russia concerning the troubles in the Ukraine, this time hitting the Russian oil giant Rosneft, its second major gas producer Novatek and its third largest bank Gazprombank. These are the most austere U.S. sanction yet imposed on Russia.
read more... 17/07/2014
Daily: Crude oil prices slump as Libya pessimistic economic data feed supply glut worries
Crude oil prices slumped by as much as $2 on Tuesday, posting their sharpest plunge this year as increasing Libyan supplies and pessimistic economic data intensified worries that the global market was leading to a near-term oversupply. Brent futures dropped 96 cents to close at $106.02 a barrel, rebounding from a low of $104.39 a barrel earlier in the session, the lowest level since April 2. U.S. crude futures dipped 95 cents to close at $99.96 a barrel.
read more... 16/07/2014