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Daily: Crude oil prices end flat, Brent/WTI premium narrows
Crude oil prices ended almost flat in an inactive day of trading on Tuesday as strong equity markets put a cap on prices and Brent’s premium over U.S. crude slipped below $6. Front-month U.S. crude oil futures closed the day 14 cents higher at $95.32 per barrel, declining nearly $4 from a $99.01 high made last Wednesday. Meanwhile, Brent crude oil finished 10 cents higher at $101.26 per barrel. Brent has slipped more than $5 from its high near $107 last week.
read more... 26/06/2013
Daily: German year-ahead power contract hits an eight-year low
Brent crude futures traded below $101 a barrel on Monday, hit by a stronger dollar and worries about passive growth in demand for oil in the United States and China. Meanwhile, Brent crude dropped 25 cents at $100.66 a barrel by 02:41 GMT on Monday and U.S. oil slipped 9 cents to $93.60 a barrel.
read more... 25/06/2013
Daily: UK gas prices dropped to the lowest level since October 2012 on oversupply
Oil crude prices slipped for a second straight day in choppy trade on Friday, with Brent registering its highest two-day decline since September as the U.S. dollar rallied, raising traders’ concerns over slower oil demand in China and reduced investor demand in the Unites States.
read more... 24/06/2013
Daily: Crude oil posts the sharpest decline since November on Fed plan
Brent crude oil futures declined 4$ on Thursday, posting the sharpest one-day drop since November, dragged down by U.S. Federal Reserve's Chairman plan to reduce monetary stimulus.
read more... 21/06/2013
Daily: Crude oil prices pressured by Fed CEO
Crude oil prices were under pressure on Wednesday following the declaration of U.S. Federal Reserve CEO Ben Bernanke that the Fed should reduce the amount of money it injects into economy later this year, while higher crude stockpiles in the United States also hit prices.
read more... 20/06/2013