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Daily – oil prices up on prospects for easing monetary situation in China
Crude oil futures settled higher for a third day in line on Friday supported by higher-than-expected U.S. jobs data increase for February outlook for more monetary easing in China and relief that Greece avoided an immediate default. WTi crude for April delivery traded at 107.40 dollars a barrel, up 82 cents, while ICE Brent crude oil for April delivery valued 125.98 dollars a barrel, up 54 cents.
read more... 12/03/2012
Daily – spot power prices down on strong renewable power production
U.S. and Brent crude oil futures increased on Wednesday on hopes that Greece will avoid default through a pending debt restructuring which strengthened the euro and weakened the dollar and on supportive private sector U.S. jobs data. U.S. crude oil futures for April delivery traded at 106.16 dollars a barrel, gaining 1.46 dollars after a trading range between 104.35 and 106.28 dollars, while ICE Brent crude for April delivery valued 124.12 dollars a barrel, up 2.14 dollars after having traded between 121.99 and 124.35 dollars.
read more... 08/03/2012
Daily – Power down on coming milder weather
WTi and Brent crude oil futures continued to go down in post-settlement trading on Tuesday following industry released data which indicated an increase in domestic crude stocks at 4.6 million barrels previous week, much more as predicted in a Reuters poll. By 21:36 GMT, WTi crude for April delivery traded at 104.74 dollars a barrel, down 1.98 dollars, while ICE Brent crude for April delivery settled at 122.14 dollars a barrel, losing 1.66 dollars.
read more... 07/03/2012
Daily – WTi and Brent end down on Saudi worries
U.S. and ICE Brent crude oil futures decreased over 2 percent on Friday as Saudi Arabia denied a report on a pipeline fire, reassuring markets over its oil supply, and a higher dollar led investors to pare their holdings in riskier assets in oil and other commodities. WTi crude for April delivery traded at 105.80 dollars a barrel, losing 3.04 dollars, while ICE Brent crude for April delivery valued 123.65 dollars a barrel, down 2.55 dollars.
read more... 05/03/2012
Daily: Carbon prices slip 2 % ahead of a key EU parliamentary vote
Brent futures extended losses and were traded below $124 a barrel on Tuesday, pulled down by investors’ worries about high prices which could hurt demand, but continuous supply tensions and expectations for further liquidity injections from ECB helped to keep prices at high levels. Brent for front-month delivery slipped 69 cents to $123.48 a barrel by 09:25 GMT, after trading more than $1 lower on Monday. U.S. crude traded down 10 cents at $108.46 a barrel.
read more... 28/02/2012