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Daily-Brent crude increases above $109 on US positive data
Brent crude oil futures increased over $1 a barrel to $109.99 on Friday by 08:00 GMT and later rising as high as $110.09 on fresh evidence of a sustained recovery in the US economy and on tighter sanctions against Iran.
read more... 02/12/2011
Daily – oil prices recovered after several days of losses
NYMEX and Brent crude oil futures recovered on Tuesday after several days of losses as new sanctions against Iran increased worries over regional instability that could disrupt oil supplies evoking concerns about global economic growth.
read more... 23/11/2011
Largest gas exporters to discuss over long-term contracts and fair gas prices
World’s largest gas exporters leaders, among which the Iranian President Mahmoud Ahmadinejad, Algerian leader Abdelaziz Bouteflika and the head of Libya’s National Transitional Council, Mustafa Abdul Jalil, participated at their first summit on Tuesday in the capital of Qatar, Doha, two days after a ministerial meeting of the 12-nation Gas Exporting Countries Forum (GECF) took place.
read more... 15/11/2011
Daily – oil mixed on political uncertainty in Italy
Crude oil futures were mixed on Tuesday following the political uncertainty in Italy that could worsen the euro zone debt crisis and worries over Iran’s nuclear program. NYMEX crude for December delivery traded at 96.80 dollars a barrel, gaining 1.28 dollars a barrel, having set the utmost front-month closing price since July 28 when it closed the session at 97.44 dollars. By 17:37 GMT, ICE Brent crude for December delivery traded at 114.47 dollars, losing 9 cents.
read more... 09/11/2011
Daily – power up on cooler weather forecast
NYMEX and Brent crude oil futures rose in a row on Monday as expectations increased that Greece and Italy could find a solution over its debt problems and on new worries about Iran’s nuclear program. U.S. crude oil futures for December delivery traded at 95.52 dollars a barrel, adding 1.26 dollars, registering the utmost closing price since July 29, while ICE Brent crude for December delivery traded at 114.56 dollars a barrel, up 2.59 dollars, and also having set the highest settlement since October 14.
read more... 08/11/2011