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Daily: Sharply rising temperatures weighs on European spot power prices
Brent crude oil futures dropped to a nine-month low, settling near $101 a barrel on Friday after having declined as much as $3 a barrel, dragged down by a broad investor sell-off in commodities, however a global oil benchmark pared losses in afternoon New York trade.
read more... 15/04/2013
Sweden is looking to achieve absolute oil independence by 2020
Sweden is searching to become the first nation absolutely oil-free in the world by 2020.
read more... 15/04/2013
Daily: Crude oil prices fall on IEA forecast
Crude oil prices settled down on Thursday after the International Energy Agency (IEA) slashed its forecast for energy demand growth this year for the third consecutive month. However, Brent prices dropped more sharply than U.S. crude, reducing the spread between Brent and U.S. West Texas Intermediate to a nine-month low of $10.59 at one point on Thursday, before settling at $10.76.
read more... 12/04/2013
Daily: UK prompt gas extend losses on warmer weather
Brent crude oil futures dropped on Wednesday, pulled down by a steep sell-off in U.S. gasoline futures after a U.S. government report indicated a surprisingly build in domestic gasoline inventories, while a strong U.S. equities market brought oil prices some support. Meanwhile, U.S. crude oil prices moved independently and posted a gain on the day, at one point gaining more than 60 cents from Tuesday's close.
read more... 11/04/2013
Daily: Crude oil prices up, Brent-WTI premium widens
Brent crude oil futures increased on Tuesday, registering their biggest gain since late December on weaker dollar and moderated Chinese inflation data which pushed investors to commodities. U.S. crude oil prices also traded higher, hitting $94.48 during the session and shortly exceeding the 50-day moving average of$94.44. However, Brent prices increased more sharply, allowing its premium over U.S. crude to widen at $12.
read more... 10/04/2013