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Daily energy Overview, Wednesday, May 25, 2011
Crude oil futures increased on Tuesday after Goldman Sachs raised its forecasts on Brent crude and as a weaker dollar attracted traders to commodities, while released economic data indicated an increase in sales of U.S. single-family homes. U.S. crude for July delivery traded at 99.59 dollars a barrel, lifting 1.89 dollars after a trading range from 96.61 and 100.09 dollars, while ICE Brent crude for delivery in July settled at 112.53 dollars a barrel, up 2.43 dollars, after a trading range between 109.50 and 112.65 dollars.
read more... 25/05/2011
Daily energy Overview, Thursday, May 20, 2011
Oil increased on Friday driven more by a weaker dollar and firmer stock markets in Europe and Asia than by supply and demand fundamentals. Oil prices consolidated this week after both crudes lost between $15 and $20 in the prior two weeks. By 10:00 GMT, U.S. light crude oil futures for June, which will expire later on Friday, traded at $99.08 per barrel, up 64 cents, after hitting an intra-day high of $99.60. Meanwhile, Brent crude for July traded at $111.87, up 45 cents.
read more... 20/05/2011
Daily energy Overview, Friday, May, 13, 2011
U.S. and Brent crude oil futures traded higher on Thursday following a sharp plunge in the last session, on a weaker dollar. U.S. crude for June delivery traded at 98.97 dollars a barrel, up 76 cents, after trading from 95.25 to 100.49 dollars, while ICE Brent for June delivery traded at 112.98 dollars a barrel, after a trading range between 110.15 and 114.56 dollars.
read more... 13/05/2011
French lawmakers debate the ban on shale gas drilling technique
The French lower house of parliament adopted on Wednesday a ban on the controversial technique for extracting shale gas, following the concerns about ground water contamination.
read more... 12/05/2011
Daily energy Overview, Tuesday, May, 10, 2011
U.S. crude oil futures rallied on Monday after a deep loss last week on the back of a weaker dollar. U.S. crude for delivery in June traded at 102.55 dollars a barrel, up 5.37 dollars.
read more... 10/05/2011