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Daily energy Overview, Friday, July 22, 2011
U.S. crude oil futures increased to above 100 dollars on Thursday, having hit the utmost level in more than four weeks on weaker dollar as the Philadelphia Federal Reserve released report on business conditions. NYMEX crude for September delivery traded at 99.84 dollars a barrel, up 1.44 dollars, after registering the utmost level of 100.10 dollars a barrel since June 10.
read more... 22/07/2011
Daily energy Overview, Monday, July 18, 2011
U.S. crude oil futures continued to rise on Friday as weaker dollar sparked more worries and as investors covered short positions before the weekend. NYMEX crude for August delivery settled at 97.49 dollars a barrel, up 1.80 dollars, after having hit earlier a high session level of 97.74 dollars.
read more... 18/07/2011
Daily Energy Market Overview, Friday, July 15, 2011
Oil price dropped on Friday on a weaker dollar after the warning from the ratings agency Standard & Poor's about a possible credit rating cut of the Unites States. Brent crude for September decreased by 58 cents to $115.68 a barrel by 10:01 GMT, after the expiry of the August contract on Thursday at $118.32. Meanwhile, U.S. crude prices decreased 11 cents to $95.58 after having lost more than $2 on Thursday.
read more... 15/07/2011
Daily energy Overview, Friday, June 24, 2011
U.S. crude oil futures slipped to a four-month low level on Thursday on news that the International Energy Agency will release 60 million barrels of oil from its reserves to make up for a loss of Libyan exports in global oil markets and on weaker economic data.
read more... 24/06/2011
Daily energy Overview, Wednesday, June 08, 2011
U.S. and Brent crude oil futures continued to increase in post-settlement trading on Tuesday, following released data that indicated a deeper drop in domestic crude stocks as expected last week, while a weaker dollar and the unrest in the Middle East countries encouraged buying interest.
read more... 08/06/2011