Latest news
Daily – power down on higher output expected
NYMEX crude oil futures continued to go down more than 4 dollars on Thursday as investors booked profits after prices settled at five-month utmost level over 102 dollars a barrel in the last session. By 18:56 GMT, NYMEX crude for December delivery valued 89.66 dollars a barrel, losing 3.93 dollars after a trading range between 98.34 and 103.37 dollars.
read more... 18/11/2011
Daily – gas prices jump to a one-week high level
U.S. and Brent crude oil futures increased less than expected on Tuesday after US industry data indicated a growth in domestic crude stocks previous week despite forecasts for a decrease in crude stocks. By 21:30 GMT, NYMEX crude for December delivery settled at 99.39 dollars a barrel, gaining 1.25 dollars, while ICE Brent crude for December delivery expired and traded at 112.39 dollars a barrel, up 50 cents after a trading range between 111.62 and 113.14 dollars.
read more... 16/11/2011
Daily – oil down on a sharp drop in eurozone industrial production
U.S. and Brent crude oil futures edged down on Monday as a sharp drop in the eurozone industrial production sparked worries that region could fall into a recession and stoked fears about global oil demand. NYMEX crude for December delivery valued 98.14 dollars a barrel, losing 85 cents or 0.86 percent after a trading range from 97.19 to 99.69 dollars. In London, ICE Brent crude for December delivery traded at 111.89 dollars a barrel, down 2.27 dollars after having traded between 111.32 and 114.83 dollars.
read more... 15/11/2011
Daily – NYMEX at 15 weeks high level
NYMEX crude oil futures increased at their utmost levels in 15 weeks on Friday as Italy and Greece were attempting to find the solution for their political and debt problems and on positive U.S. consumer sentiment. U.S. crude oil for December delivery valued 98.99 dollars a barrel, gaining 1.21 dollars, having set the maximum value for a front-month contract since July 26.
read more... 14/11/2011
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