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Daily: Crude oil prices decline as Saudi cuts price for U.S. customers, soars others

Crude oil dropped by as much as $2 a barrel in the final minutes of regular trade on Monday, attaining new lows in New York as Saudi Arabia intensified price cuts for U.S. customers. Brent crude quickly turned positive on news that Saudi company Aramco had increased their monthly selling prices to Asia and Europe. Brent crude declined as low as $84.18 per barrel, but closed at $84.78. U.S. crude prices traded at its lowest level since mid-2012 as Aramco also cut its prices for U.S. customers. WTI crude hit a low of $78.14 per barrel, its lowest level since June 2012, before ending down $1.76 at $78.78.

read more... 05/11/2014


Daily: Crude oil prices plunge for the fourth consecutive month

Crude oil prices continued to drop for the fourth consecutive month on Friday, dragged down by another round of monetary stimulus from Japan pushed up the U.S. dollar and hammered a crude market already oversupplied. Brent and U.S. crude tumbled by nearly a dollar to post both the steepest monthly fall since May 2012. Brent crude for December delivery fell 38 cents for the day to settle at $85.86, consolidating a monthly loss of 9 percent. WTI crude declined 58 cents to close at $80.54 per barrel, recording a loss of 11.6 percent this month.

read more... 03/11/2014


Daily: WTI crude recovers from a 20-month low below $80

U.S. crude prices recovered after a 20-month low below $80 per barrel on Monday as a short-covering helped to pare previous losses caused by Goldman Sachs reducing its price forecasts for Brent to $85 a barrel from $100 for the first quarter of 2015 and reduced its projection for U.S. crude to $75 from $90. U.S. crude for December delivery decreased to $79.44 per barrel, its lowest level since June 2012, before recovering to close down 1 cent on the day at $81.00 per barrel. The equivalent European benchmark, Brent for December delivery slipped to a low of $84.55 before cutting losses to settle down 30 cents on the day at $85.83 per barrel.

read more... 28/10/2014


Daily: European spot power prices rally on forecasts for a sharp fall in German wind power output

Crude oil prices dropped considerably on Wednesday, with U.S. crude nearing $80 a barrel after data showed a second sharp increase in weekly U.S. crude inventories. Brent crude for December delivery slipped $1.51 to settle at $84.71 a barrel, while WTI crude decreased by $1.97 or 2.5 percent to close at $80.52 a barrel, just above the session low of $80.28.

read more... 23/10/2014


Daily: Crude oil prices settle up on stronger demand from China

Brent crude oil settled up almost 1 percent on Tuesday, buoyed by figures showing stronger-than-expected China demand and some technical price rebound after weeks of continuous selling. Brent increased by 82 cents to settle at $86.22 a barrel. U.S. West Texas Intermediate (WTI) crude boosted 10 cents, or 0.1 percent, at $82.81, after reaching a session peak at $84.05.

read more... 22/10/2014