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Daily: Crude oil prices up, Brent-WTI premium widens

Brent crude oil futures increased on Tuesday, registering their biggest gain since late December on weaker dollar and moderated Chinese inflation data which pushed investors to commodities. U.S. crude oil prices also traded higher, hitting $94.48 during the session and shortly exceeding the 50-day moving average of$94.44. However, Brent prices increased more sharply, allowing its premium over U.S. crude to widen at $12.

read more... 10/04/2013


Daily: Brent crude settles higher on Iran tensions

Brent crude futures boosted on Thursday after Iran strongly rejected proposals for direct talks with the United States about nuclear standoff, while U.S. crude futures dropped and the Brent/WTI spread increased to a 2013 peak above $21 a barrel. Brent crude climbed 51 cents, or 0.44 percent, to settle at $117.24 a barrel, having traded from $116.71 to $117.83.

read more... 08/02/2013


Daily: European power spot prices increase on colder weather and low supply

Brent crude oil futures for March delivery settled down 18 cents at $111.71 per barrel on Monday, ending a three-day rally , dragged down by pessimism over global economic growth which restored traders ‘focus to healthy supply levels, slashing fears of unrest in North Africa. Meanwhile, U.S. WTI crude futures were off 9 cents in overnight electronic trading at $95.47 a barrel at 1649 GMT, after hitting a four-month high last week. U.S. markets were closed on Monday for a public holiday.

read more... 22/01/2013


Daily: Brent crude oil up on the agreement approved by the Congress to prevent a fiscal crisis

After the U.S. Congress has approved an agreement to prevent a fiscal crisis, both Brent and U.S. crude oil were up, with Brent which has reached a one-month high, arriving at $112 per barrel on Wednesday at the same time as U.S. crude oil was up by 90 cents to 92.72 dollars a barrel. During the month, WTI increased by 3.3% while Brent oil declined by 0.1%.

read more... 02/01/2013


Daily: German and French spot electricity prices boost on lower wind

Front-month Brent and U.S. crude oil futures fell by $1.08 and 59 cents a barrel respectvely on Tuesday on worries about the impact of the U.S. budget crisis on already struggling demand. Meanwhile, Brent contract for January delivery traded as high as $110.92 a barrel during intraday activity, and declined to a low of $109.15 a barrel. WTI crude futures traded as high as $89.18 a barrel and as low as $87.57 during intraday activity.

read more... 05/12/2012