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Daily: European spot power drops for the second straight day on more wind
U.S. crude oil dropped below $98 to their lowest level in almost four months on Tuesday, while European Brent traded higher on concerns of a near-term U.S. crude surplus drove the spread between two contracts to the largest gap since April.
read more... 23/10/2013
Daily: British gas soars on weak North Sea supply
Brent crude oil futures traded steady above $110 a barrel on Monday on hopes the U.S. Federal Reserve would delay reducing its massive economic stimulus programme until next year, which could help encourage oil demand in the world's largest oil consumer. Brent crude futures for December delivery rose 10 cents to $110.04 a barrel by 03:43 GMT, while U.S. crude oil futures for November delivery increased by 3 cents to $100.84, after earlier boosting as high as $100.95.
read more... 22/10/2013
Daily: Crude oil prices up on weaker dollar, Chinese economy growth at fastest pace
Crude oil prices settle a little higher on Friday as China unveiled that its economy increased in the third quarter at its fastest pace this year, while the U.S. dollar weakened. On Friday, Brent crude closed 83 cents higher at $109.94 a barrel, while U.S. crude oil boosted 14 cents and settled at $100.81 a barrel.
read more... 21/10/2013
Daily: UK gas prices drop on milder weather
U.S. crude oil prices settled at the lowest level in more than three months on Thursday as inventories in the Cushing, Oklahoma, started to reverse a months-long drop, and as signs of progress in negotiations over Iran's nuclear program also added pressure on prices. Meanwhile, front-month December Brent crude settled $1.48 lower at $109.11 per barrel and U.S. oil closed $1.62 per barrel lower at $100.67, the lowest settlement price since July 2.
read more... 18/10/2013
Daily: Crude oil settles higher on upbeat U.S. budget deal outlook
Crude oil futures increased on Wednesday as Congress was on the way to close an 11th-hour deal to increase the government’s debt ceiling and avoid nonpayment.
read more... 17/10/2013