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Daily – U.S. and Brent crude falls on global economic worries
Crude oil futures traded down on Thursday on fears for low euro zone and Chinese manufacturing data which showed diminished demand for oil. WTi crude for May delivery traded at 105.35 dollars per barrel, losing 1.92 dollars after a trading range from 104.50 to 107.12 dollars. ICE Brent crude for May delivery traded at 123.14 dollars a barrel, down 1.06 dollars, the lowest settlement since March 6, when it closed the session at 121.98 dollars.
read more... 23/03/2012
Daily – U.S. crude holds losses despite surprise API draw
U.S. and ICE Brent crude oil futures decreased in post settlement trading on Tuesday despite industry group American Petroleum Institute’s surprise report which indicated a drawdown of 1.4 million barrels in domestic crude stocks previous week. By 20:35 GMT, WTi crude for May delivery traded at 106.34 dollars a barrel down 2.22 dollars, while ICE Brent crude for May delivery valued 124.12 dollars a barrel, losing 1.59 dollars after a trading range between 123.20 and 125.44 dollars.
read more... 21/03/2012
Daily – Nordic forward power down as spring temps fasten hold
U.S. and Brent crude oil futures rose on Monday on continuous worries of Iran-related supply disruptions and on weaker dollar. WTi crude for April delivery valued 108.09 dollars, up 1.03 dollars, while ICE Brent crude for May delivery shortly turned positive, gaining 3.00 cents to 125.84 dollars a barrel.
read more... 20/03/2012
Daily – Europe spot power prices off on rising temperatures
Crude oil futures increased on Tuesday on rising economic confidence in Germany, a sharp increase in U.S. retail sales and U.S. Federal Reserve statement that will keep low interest rates at least through 2014. NYMEX crude for April delivery valued 106.71 dollars a barrel, gaining 37 cents after having traded between 105.67 and 107.35 dollars, while ICE Brent crude for April delivery traded at 126.22 dollars a barrel, up 88 cents after a trading range from 125.00 to 126.79 dollars.
read more... 14/03/2012
Daily – low economic data from China to spur worries about oil demand
WTi and ICE Brent crude oil futures decreased on Monday ending three consecutive days of gains as low economic data from China increased worries about oil demand. WTi crude oil for April delivery traded at 106.34 dollars a barrel, losing 1.06 dollars after a trading range from 105.38 and 107.56 dollars, while ICE Brent crude for April delivery valued 125.34 dollars a barrel, down 64 cents after having traded between 124.20 and 125.98 dollars.
read more... 13/03/2012