Crude oil prices climbed more than $2 to touch one-month highs on Friday, buoyed by a considerable increase in gasoline and heating oil as supplies eased and refiners closed plants for maintenance. Meanwhile, Brent crude oil futures closed $2.38 higher at $109.57, the highest level since January 2. U.S. crude settled up $2.04 to $99.88 a barrel, hitting its highest point since December 27. Brent- WTI spread extended 34 cents to $9.69 a barrel.
read more... 10/02/2014
Crude oil futures traded higher in Thursday, backed by optimistic U.S. economic data, an increase in U.S. gasoline futures and a strike at oil ports in France that blocked the oil hub Fos-Lavera, slashing supplies. Meanwhile, Brent crude traded nearly $1 higher above $107 a barrel, having hit a high of $107.30 earlier in the session following the ECB comments. U.S. crude rose 46 cents at $97.84 a barrel after increasing as high as $98.83.
read more... 07/02/2014
Brent crude oil registered a slight increase, buoyed by supply concerns in Middle East, as the Syrian civil war has impeded development of Iraq's oil and gas reserves and a key pipeline to the Mediterranean has exploded dozens of times. Brent oil increased 44 cents to settle at $107.85 per barrel.
read more... 30/01/2014
Brent crude oil boosted towards $108 a barrel on Wednesday, backed by fresh concerns over Libyan supplies and expectations for a decline in crude stocks in the United States.
read more... 09/01/2014
Last year, Gazprom increased by 16 % the supply of natural gas to Europe to 161.5 billion cubic meters, with Germany, Italy and the U.K. ledding the increase in gas imports from Russia. European customers such as Germany’s RWE AG and Italy’s Eni SpA obtained lower gas prices under their long-term supply contracts with Gazprom. Supplies to Italy increased by more than 60 %.
read more... 02/01/2014