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Daily: Crude oil jump over 4 percent on Libya attack, China monetary easing

Crude oil futures settled up over 4 percent on Thursday as intensified violence in oil producer Libya and a monetary easing by China’s central bank that could increase oil demand provided support. Benchmark Brent crude futures increased by $2.41, or 4.5 percent, to close at $57.57 a barrel. WTI futures rose by up $2.03, or 4.2 percent, to close at $50.48.

read more... 06/02/2015


Daily: Crude oil prices up 19 percent in four day on dollar depreciation

Crude oil prices settled higher again on Tuesday as a depreciating dollar pushed up most commodities, bringing crude’s four-day increase to about 19 percent, its largest since January 2009. Benchmark Brent crude oil increased $3.16, or nearly 6 percent, to close at $57.91 a barrel. It jumped as high as $59 for the first time since end of December. WTI crude boosted $3.48, or 7 percent, to settle at $53.05, after a session peak at $54.24.

read more... 04/02/2015


Daily: British prompt natural gas prices soar on short supply, cold weather

Crude oil prices soared again on Monday, as some investors bet that a bottom had created to the seven-month long strip on the market even as others remained pessimistic. Benchmark Brent and U.S. oil futures oscillated in a range of about $4 a barrel, one of their largest in weeks, as near-term technical signals showed further gains, while fundamental figures continued to pose an impact on the market. Brent rose by $1.76, or 3.3 percent, to settle at $54.75 a barrel, fluctuating between a session peak of $55.62 and a low of $51.41. WTI crude increased $1.33, or 2.8 percent, to close at $49.36 a barrel, oscillating between $50.56 and $46.67.

read more... 03/02/2015


Daily: French spot power prices fell on higher nuclear availability

Crude oil prices posted a modest increase on Thursday on preliminary U.S. data indicating weekly jobless claims at a near 15-year low, showing signs of further strength in the world’s largest economy. WTI crude rose 8 cents to close at $44.53 a barrel, rebounding from its session low of $43.58. Brent crude increased 66 cents to settle at $49.13 a barrel, off its session peak of $49.24.

read more... 30/01/2015


Daily: European coal futures plunge at near nine-year low

Crude oil prices decreased on Wednesday, with WTI crude prices dipping at near six-year lows, after the government announced record-high stockpiles in the United States that intensified worries about the global oil glut that put pressure on the market since the last summer. Benchmark Brent crude declined $1.13, or 2.3 percent, to close at $48.47, after a session low at $48.29. U.S. crude's front-month contract dropped $1.78, or almost 4 percent, to close at $44.45 a barrel.

read more... 29/01/2015