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Daily: British spot prices tumble as robust flows from Norway offset blackout at gas terminal
Oil prices declined from new four-month highs in agitating trading on Wednesday after Russian oil minister Alexander Novak stated at a closed-door briefing that a deal on an oil output freeze expected to be signed this month in Doha would not yield a positive outcome. Brent crude fell 51 cents to settle at $44.18 per barrel, while U.S. crude eased 41 cents to close at $41.76.
read more... 14/04/2016
Daily: Oil prices stay flat as U.S. rig count decline offsets inventories concerns
Crude oil prices were flat on Thursday, cutting losses after a fresh decline in U.S. oil rigs, but analysts and traders stated that there it could occur another selloff in the next week if WTI crude inventories hit record highs again. U.S. crude's front-month contract eased 33 cents to close at $39.46 a barrel, rebounding from a session low of $38.33. For the week, it added two cents, settling up for a sixth consecutive week. Brent's front-month lost 3 cents on the day to trade at $40.44 a barrel, after an earlier decline to $39.22. For the week, it tumbled 76 cents, or nearly 2 percent, its first loss in six weeks.
read more... 25/03/2016
Daily: Crude oil soars 2 % following IEA report
Crude oil boosted 2 percent on Friday, with U.S. crude increasing for a fourth consecutive week, after the Paris-based International Energy Agency stated that the market may have hit bottom. Goldman Sachs remained pessimistic, declaring that prices could decline sharply in the next weeks with record U.S. stockpiles builds offsetting production falls in the country. Brent crude rose 34 cents, or nearly 1 percent, to settle at $40.39 a barrel. On the week, it posted a hike of 4 percent, heading for a third weekly gain in a row. WTI crude increased by 85 cents, or 2 percent, to close at $38.69 a barrel, after attaining a 2016 high at $39.02. It recorded an increase 7 percent on the week, a fourth consecutive week of gains.
read more... 14/03/2016
Daily: British gas prices evolve differently as strong imports offset weaker domestic production
Crude oil futures lost more than 2 percent on Tuesday, continuing their decline after a one-day pause, as U.S. stockpiles boosted for an eight consecutive week. U.S. WTI futures fell $1.07, or 2.6 percent, to settle at $40.67 a barrel. Brent crude futures eased 99 cents, or 2.2 percent, to close at $43.57 a barrel.
read more... 18/11/2015
Daily: Brent crude hits its lowest settlement since April on supply glut, weak demand
Brent crude oil futures hit its weakest point since April on Thursday and U.S. crude declined below $49 a barrel for the first time since late March, on continued worries about robust supply and low demand which offset support from dollar’s depreciation. U.S. crude for September delivery shed 74 cents to close at $48.45 a barrel, the weakest settlement since March 31. Brent crude for September delivery dipped 86 cents to settle at $55.27, the lowest settlement since April 2.
read more... 24/07/2015