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Daily – power up on cooler weather forecast
NYMEX and Brent crude oil futures rose in a row on Monday as expectations increased that Greece and Italy could find a solution over its debt problems and on new worries about Iran’s nuclear program. U.S. crude oil futures for December delivery traded at 95.52 dollars a barrel, adding 1.26 dollars, registering the utmost closing price since July 29, while ICE Brent crude for December delivery traded at 114.56 dollars a barrel, up 2.59 dollars, and also having set the highest settlement since October 14.
read more... 08/11/2011
Daily – oil higher as markets awaits vote in Greece
U.S. and Brent crude oil futures ended higher on Thursday on news that Greece could avoid a national referendum and unexpected European Central Bank interest cut. ICE Brent crude for December delivery traded at 110.83 dollars a barrel, losing 1.49 dollars after having traded between 107.83 and 111.24 dollars a barrel. NYMEX crude for December delivery settled at 94.07 dollars a barrel, adding 1.56 dollars after having traded from 90.87 to 94.61 dollars.
read more... 04/11/2011
Daily – oil down on stronger dollar
Crude oil futures traded lower on Monday as dollar strengthened after Japan intervened to curb the yen's appreciation and investors trimmed holdings of risky assets. NYMEX crude for December delivery traded at 93.13 dollars a barrel, down 13 cents after a trading range from 91.36 and 93.80 dollars, while ICE Brent crude for December delivery valued 109.56 dollars a barrel, down 35 cents after having traded from 108.20 to 110.33 dollars.
read more... 01/11/2011
Daily –European power down on tight demand expectations
Crude oil futures decreased on Friday as investors looked skeptical over the euro zone debt crisis, igniting profit taking after following an increase in prices by over 4 percent a day earlier. NYMEX crude for December delivery traded at 93.32 dollars a barrel, down 64 cents, after a trading range between 92.01 and 93.93 dollars, while ICE Brent crude for December delivery traded at 109.91 dollars a barrel, losing 2.17 dollars after a trading range between 109.65 and 112.23 dollars.
read more... 31/10/2011
Daily – oil down on increase in U.S. domestic stockpiles
U.S. and Brent crude oil futures traded down on Wednesday on released data that indicates an increase in U.S. crude stockpiles and worries over Europe’s ability to agree on a plan for coming out of the debt crisis. U.S. crude oil futures for December delivery traded at 90.74 dollars a barrel, down 2.43 dollars, while ICE Brent crude for December delivery settled at 108.91 dollars a barrel, down 2.01 dollars.
read more... 27/10/2011