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Daily – U.S. and Brent crude add to gains after U.N. released report on Iran
U.S. and Brent crude oil futures increased on Friday following the U.N. nuclear watchdog’s report which indicated a large expansion of uranium enrichment in Iran. By 16:36 GMT, U.S. crude for April delivery traded at 108.40 dollars a barrel, gaining 50 cents, while ICE Brent crude for April delivery traded at 123.94 dollars, adding 32 cents.
read more... 27/02/2012
Daily – US crude adds to losses, Brent pares gains
U.S. crude oil futures decreased in post-settlement trading on Wednesday after industry data indicated an increase in U.S. crude stockpiles much more than expected previous week. By 21:35 GMT, U.S. WTi crude for April delivery traded at 105.91 dollars a barrel, losing 34 cents.
read more... 23/02/2012
Daily – U.S. crude ends at 9-month high on Iran, Greece
U.S. crude oil futures increased on Tuesday for the fourth day in line, registering the utmost level in nine months with the NYMEX WTi crude oil futures for March delivery traded at 105.84 dollars a barrel, gaining 2.60 dollars, hitting the utmost settlement since May 4, when it hit 109.24 dollars.
read more... 22/02/2012
Iran and China to keep oil prices high
Crude oil market went across difficult times when markets clashed with several supply issues in Iran and increasing demand coming from Asia and China. These movements could help increase oil prices along with a weaker U.S. dollar that could add a final drop to push U.S. prices to 118 dollars a barrel by the fourth quarter of 2012. West Texas Intermediate contracts for March delivery, currently trading at 103.52 dollars a barrel, have gained on eight of the last ten trading days while Brent, the international benchmark, recorded six positive sessions over the same time frame and was at 119.62 dollars as of 4:20PM in New York on Friday.
read more... 21/02/2012
Daily – Brent crude down after gaining four straight days
U.S. crude futures closed the session higher for a third consecutive day on Friday extending gains for a second week and settling the utmost settlement since May 2011 on hopes of economic improvement, fears over Iranian supplies and hopes that Greece will secure a bailout by next week. NYMEX crude for March delivery traded at 103.24 dollars a barrel, adding 93 cents.
read more... 20/02/2012