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Daily: WTI price above 102$, set to hit the 6th weekly increase
U.S. crude steadied above $102 a barrel on Friday, likely to hit its sixth weekly increase, backed by robust heating demand in North America and since a new pipeline drew off supplies from Cushing, Oklahoma, the WTI contract's delivery point.
read more... 21/02/2014
Daily: WTI crude rallies at four-month high on robust winter demand
Brent crude traded above $110 a barrel on Wednesday, destabilized by internal conflict in South Sudan and oil supply disruption in Libya, while protests in Venezuela raised concerns. Meanwhile, U.S. light crude hit its highest level in four months as stockpiles are expected to decline on winter demand and new pipeline capacity.
read more... 20/02/2014
Daily: British gas prices near winter lows amid weak demand, ample supplies
Brent crude oil registered a slight increase, buoyed by supply concerns in Middle East, as the Syrian civil war has impeded development of Iraq's oil and gas reserves and a key pipeline to the Mediterranean has exploded dozens of times. Brent oil increased 44 cents to settle at $107.85 per barrel.
read more... 30/01/2014
Daily: Crude oil prices trade higher on strong economic data from China
Oil prices traded higher in heavy trade on Thursday, supported by strong economic data from China, the eurozone and the United States, with U.S. crude prices getting an additional support from expectations that the key Seaway pipeline could resume full capacity operation within a week.
read more... 23/01/2014
Daily: UK gas prices the lowest level in the last 7 weeks on an oversupplied system
Brent crude decreased 2 cents at $112.16 per barrel at 10:22 GMT, while U.S. crude was down 8 cents at $100.24. The contract broke above the $100-mark on Friday for the first time since the end of October. U.S. crude oil stocks fell by 4.7 million barrels last week as the Gulf Coast continued to shed inventories, even as U.S. oil production reached a 25-year high. While the spread between the two benchmarks widened on Monday to around $12, it is expected to narrow as the Keystone XL pipeline is set to start operations in the United States.
read more... 30/12/2013