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Daily: Brent crude declines on sharp slowdown in China’s trade flows
Brent crude declined below $113 a barrel on Friday following a considerable slowdown in China’s trade flows which intensified concerns about demand for fuel, offsetting hopes of stimulus measures aimed at boosting the global economic growth. Brent crude for September delivery slipped 63 cents to $112.59 by 06:51 GMT, while U.S. crude traded down 39 cents at $92.97.
read more... 10/08/2012
Daily: UK gas declines on weak demand outlook
Brent crude declined below $104 per barrel on Thursday following investors concerns about fuel demand after a set of pessimistic economic data, even if losses were offset by hope for more U.S. stimulus measures to support growth.
read more... 26/07/2012
Daily: Brent steady on concerns about euro zone
Brent hold steady at $103 a barrel on Wednesday fuelled by concerns about oil demand from the affected euro zone, while the United States offset any gains to prices, incited by worries about oil supply from the Middle East.
read more... 25/07/2012
Daily: Nordic power declines on rainy weather
Brent crude increased to $99 a barrel on Monday after the failure of the second round of talks with Norwegian offshore oil and gas sector workers, intensifying worries of a total output shutdown, while expectations that China would ease monetary policy and improve fuel demand offset oil prices.
read more... 09/07/2012
Daily: UK prompt gas declines on oversupplied system
Brent crude oil futures declined below $100 a barrel on Thursday on new concerns of weakness in European economies which intensified demand worries, but the investors remained optimistic about stimulus measures to offset slow global growth.
read more... 05/07/2012