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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, Wednesday, July 13, 2011
Oil prices ended higher on Tuesday, with ICE Brent crude for August delivery having recovered from two consecutive days of losses, ending at $117.75 a barrel, up 0.44%, as the dollar dipped against a basket of currencies, but gains were limited on persisting concerns over the euro zone debt crisis. U.S. crude oil futures ended 2.4% higher on Tuesday ahead of inventory reports likely to indicate that domestic crude stocks dropped last week. On the New York Mercantile Exchange crude for August delivery settled at $97.43 a barrel.
read more... 13/07/2011
Daily energy Overview, Tuesday, July 5, 2011
U.S. crude oil futures recovered after a long holiday weekend, increasing over 2 percent on Tuesday as commodities went up on demand optimism. U.S. crude oil for August delivery traded at 96.89 dollars a barrel, up 1.95 dollars after a trading range from 94.34 and 97.48 dollars, and having hit the highest value for front-month U.S. crude since June 15.
read more... 05/07/2011
Daily energy Overview, Monday, July 4, 2011
Crude oil futures decreased on Friday after three days of gains as low Chinese factory data raised concerns over demand, while a report on stronger US manufacturing activity supported the market. U.S. crude oil futures for August delivery traded at 94.94 dollars a barrel, down 48 cents after a trading range from 93.45 to 95.39 dollars, while ICE Brent for August delivery settled at 111.77 dollars a barrel, down 71 cents after a trading range between 109.50 and 112.48 dollars.
read more... 04/07/2011
Daily energy Overview, Friday, July 01, 2011
U.S. crude futures increased on Thursday, but closed the month down 7 percent and the quarter down by more than 10 percent registering the lowest level of the quarter since the fourth quarter of 2008. U.S. crude for August delivery rose for a third day and traded at 95.42 dollars a barrel, lifting 65 cents after a trading range from 93.88 to 95.82 dollars.
read more... 01/07/2011