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Daily: British spot gas prices dip to lowest level since October on oversupply
Brent crude oil prices pared earlier steep losses on Tuesday as investors concerned that central banks, following Japan’s example, could begin to rein in their loose monetary policies. Meanwhile, Brent crude dropped 99 cents at $102.96 a barrel, after earlier losing more than $2. U.S. crude oil tumbled 39 cents to settle at $95.38 after briefly dropping to $94.04, declining below its 100-day moving average of $94.07.
read more... 12/06/2013
Daily: German year-ahead power prices at 8-year low as coal, oil market decline
Brent crude rose towards $105 per barrel on Monday after United States showed optimistic hiring figures, but not enough to incite fears about near-term tampering of the Federal Reserve’s massive stimulus. Meanwhile, Brent oil climbed 6 cents to $104.62 a barrel by 05:07 GMT, after hitting $104.76 earlier. U.S. oil rose 9 cents to $96.12 per barrel.
read more... 11/06/2013
Daily: Crude oil up 1$ alongside U.S. equities rally
Brent crude oil futures increased by $1 a barrel on Friday as U.S. equities rallied taking crude along for the ride, as United States added 175,000 jobs last month. Brent crude settled up 95 cents at $104.56 a barrel. During the session, Brent contract traded as high as $105 and below $103, posting a 4 percent weekly gain, its highest since July 2012. U.S. oil rose $1.27 to settle at $96.03 a barrel, registering its strongest weekly gain since April 26 at 4.5 percent.
read more... 10/06/2013
Daily: EUAs at 7-week high on supply cut optimism
Brent crude oil futures dropped below $103 a barrel on Thursday following persistent concerns that the U.S. Federal Reserve will roll back its stimulus, while an unexpected drop in U.S. crude stockpiles helped to curb the slide. Meanwhile, Brent eased 9 cents to $102.95 a barrel by 03:44 GMT, slipping for a second consecutive day. U.S. oil rose 10 cents to $93.84, after ending 43 cents higher.
read more... 07/06/2013
Daily: European spot power prices drop on higher temperatures in France, Germany
Brent crude oil futures declined considerably before the session close on Wednesday following reports of the imminent restart of a vital U.S. refinery added pressure to the international benchmark’s premium to U.S. oil. Brent futures ended 20 cents lower at $103.04 per barrel, after trading as high as $104.07, the contract's first run above $104 in five sessions. U.S. crude futures closed 43 cents higher at $93.74 per barrel, after trading as high as $94.48.
read more... 06/06/2013