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Daily – U.S. and Brent crude falls on global economic worries

Crude oil futures traded down on Thursday on fears for low euro zone and Chinese manufacturing data which showed diminished demand for oil. WTi crude for May delivery traded at 105.35 dollars per barrel, losing 1.92 dollars after a trading range from 104.50 to 107.12 dollars. ICE Brent crude for May delivery traded at 123.14 dollars a barrel, down 1.06 dollars, the lowest settlement since March 6, when it closed the session at 121.98 dollars.

read more... 23/03/2012

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Daily – U.S. crude holds losses despite surprise API draw

U.S. and ICE Brent crude oil futures decreased in post settlement trading on Tuesday despite industry group American Petroleum Institute’s surprise report which indicated a drawdown of 1.4 million barrels in domestic crude stocks previous week. By 20:35 GMT, WTi crude for May delivery traded at 106.34 dollars a barrel down 2.22 dollars, while ICE Brent crude for May delivery valued 124.12 dollars a barrel, losing 1.59 dollars after a trading range between 123.20 and 125.44 dollars.

read more... 21/03/2012

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Daily – Nordic forward power down as spring temps fasten hold

U.S. and Brent crude oil futures rose on Monday on continuous worries of Iran-related supply disruptions and on weaker dollar. WTi crude for April delivery valued 108.09 dollars, up 1.03 dollars, while ICE Brent crude for May delivery shortly turned positive, gaining 3.00 cents to 125.84 dollars a barrel.

read more... 20/03/2012

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Daily – Brent, U.S. crude turns lower after brief rally

Brent and U.S. crude oil futures decreased on Wednesday after a brief rally as strong increase in crude stocks at the Cushing, Oklahoma hub countered data indicating falls in refined products stock and an overall rise in crude inventories that was along with expectations. By 15:05 GMT, ICE Brent crude traded at 125.92 dollars a barrel, losing 30 cents in choppy trading between 125.55 and 126.68 dollars, while WTi crude settled at 106.11 dollars, losing 60 cents after a trading range between 106.03 and 107.02 dollars.

read more... 15/03/2012

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Daily – low economic data from China to spur worries about oil demand

WTi and ICE Brent crude oil futures decreased on Monday ending three consecutive days of gains as low economic data from China increased worries about oil demand. WTi crude oil for April delivery traded at 106.34 dollars a barrel, losing 1.06 dollars after a trading range from 105.38 and 107.56 dollars, while ICE Brent crude for April delivery valued 125.34 dollars a barrel, down 64 cents after having traded between 124.20 and 125.98 dollars.

read more... 13/03/2012

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