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Daily: Brent crude slips as Ukraine, Russia pledge to halt violence
Brent crude oil declined on Thursday, holding below $100 a barrel after a four parties meeting in Geneva which called for an immediate halt to violence in Ukraine, while WTI crude oil increased on upbeat economic figures. Brent crude for June delivery, which was backed in recent days by intensified unrest in Ukraine, closed down 7 cents at $109.53 a barrel, after earlier touching a peak of $110.19 ahead of the meeting in Geneva. Meanwhile, U.S. oil for delivery in May rose 54 cents to settle at $104.30 a barrel, after having previously hit a high of $104.78 a barrel.
read more... 18/04/2014
Daily: Brent crude climbs on civil wars worries in Ukraine
European benchmark, Brent crude posted a modest gain on Tuesday on news that a civil war is close to trigger in Ukraine. However the gains were curbed by forecasts of a resumption of oil exports from Libya.
read more... 16/04/2014
Daily: European spot electricity prices jump on colder weather, weaker wind power supply
Brent crude oil boosted more than $1.50 on Monday as violence intensified in Ukraine and as Western powers decided to expand sanctions against Russia, while U.S. crude posted a modest gain on positive retail sales figures that gave assign that U.S. economy is rebounding.
read more... 15/04/2014
Statoil makes another oil and gas discovery in the North Sea
A new gas and oil discovery has been made by Norwegian oil major Statoil in the northern part of the North Sea, about 10 kilometers of the Valemon gas and condensate field presently under development, as stated by the company on Friday. It is the second substantial finding off Norway in two days.
read more... 14/04/2014
Daily: U.S. crude oil jumps to about 6-week high on stronger gasoline demand
U.S. crude oil rocketed to near a six-week high on Friday, encouraged by solid gasoline demand and a positive consumer confidence report, but gains were slashed by profit taking and falling demand forecast, published by IEA. Meanwhile, Brent crude prices dropped on Friday, dragged down by Russia’s warnings that it could cut Ukraine’s natural gas supply.
read more... 14/04/2014