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Daily: WTI crude prices rally to a 4-month high
Brent crude settled slightly higher on Wednesday, backed by a stronger 2014 oil-demand forecast from OPEC and as Chinese oil imports reached record highs on Tuesday. However, the gains were curbed as traders sold the European benchmark and purchased WTI after the publication of figures. Brent crude for March delivery settled 11 cents higher at $108.79.
read more... 13/02/2014
Daily: Brent crude records a modest gain on higher demand for heating oil, gasoline
Brent crude oil recorded a slight increase on Tuesday, backed by demand for U.S. heating oil and gasoline amid an intense cold snap in the United States.
read more... 12/02/2014
Daily: Brent crude falls on tumbling heating oil prices
Brent crude oil declined by nearly $1 per barrel on Monday, dragged down by tumbling heating oil prices following the end of an intense cold winter that backed oil prices and higher supplies from Libya and the North Sea.
read more... 11/02/2014
Is the US close to its energy independence?
Looking at the whole U.S. energy picture, which includes natural gas, coal, nuclear, crude oil and renewables, the country is close to being self-sufficient. As a result of the hydraulic fracturing and horizontal drilling, the U.S. is set to become the world’s largest oil and natural gas producer. The American energy boom is also drastically reducing oil and gas imports at a time when much of the world is becoming more reliant on energy imports.
read more... 10/02/2014
Daily: European coal prices tumble on milder weather, weaker demand
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