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Daily: European prompt power prices diverge on stronger wind, cold temperatures

Crude oil tumbled on Monday, with WTI crude dipping at its weakest level following comments from OPEC that prices may have found a floor and could move higher soon. Global benchmark Brent dropped 1.3 percent to settle at $48.16. U.S. crude decreased by about 1 percent, ending at $45.15, the lowest price for the existing front-month contract.

read more... 27/01/2015

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Daily: Brent crude settles up on uncertainty after Saudi king’s death

Brent crude increased on Friday supported by market uncertainty over the future Saudi oil production following the death of King Abdullah bin Abdulaziz, placing renewed focus on the kingdom’s oil policy. Meanwhile, WTI crude declined on signs of supply glut. Brent crude inched up 27 cents to close at $48.79 a barrel, while U.S. crude dropped 72 cents to settle at $45.59.

read more... 26/01/2015

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Daily: European forward power prices rally to a four-session high

Global oil prices pared a two-day loss and increased by about 2 percent on Wednesday on expectations that prices will rebound as energy companies slashed production investment to ease an oversupply that erased more than half crude’s value since June. Brent crude boosted $1.04 to settle at $49.03 a barrel, while WTI crude climbed $1.31 to close at $47.78 a barrel.

read more... 22/01/2015

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Daily: Crude oil prices started to recover after seven weeks of losses on IEA reports

Crude oil prices started to recover for the first week in eight after prices received a strong boost from a report by the International Energy Agency (IEA) saying that signs of weaker prices started to reduce production in some regions, including North America. WTI crude rose by 2.44$ to close at 48.69$ a barrel, while Brent futures for March delivery boosted by 1.90$ to settle at $50.17.

read more... 19/01/2015

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Daily: WTI crude reverses previous gains to end down 4.6%

Crude oil prices dropped on Thursday dragged down by an erratic dollar and OPEC’s forecasts for a weakening demand to 28.78 million barrels per day in 2015, down 140,000 bpd from its previous expectation.

read more... 16/01/2015

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