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Daily – oil prices up on prospects for easing monetary situation in China

Crude oil futures settled higher for a third day in line on Friday supported by higher-than-expected U.S. jobs data increase for February outlook for more monetary easing in China and relief that Greece avoided an immediate default. WTi crude for April delivery traded at 107.40 dollars a barrel, up 82 cents, while ICE Brent crude oil for April delivery valued 125.98 dollars a barrel, up 54 cents.

read more... 12/03/2012


Daily – Power down on coming milder weather

WTi and Brent crude oil futures continued to go down in post-settlement trading on Tuesday following industry released data which indicated an increase in domestic crude stocks at 4.6 million barrels previous week, much more as predicted in a Reuters poll. By 21:36 GMT, WTi crude for April delivery traded at 104.74 dollars a barrel, down 1.98 dollars, while ICE Brent crude for April delivery settled at 122.14 dollars a barrel, losing 1.66 dollars.

read more... 07/03/2012


Daily – WTi and Brent end down on Saudi worries

U.S. and ICE Brent crude oil futures decreased over 2 percent on Friday as Saudi Arabia denied a report on a pipeline fire, reassuring markets over its oil supply, and a higher dollar led investors to pare their holdings in riskier assets in oil and other commodities. WTi crude for April delivery traded at 105.80 dollars a barrel, losing 3.04 dollars, while ICE Brent crude for April delivery valued 123.65 dollars a barrel, down 2.55 dollars.

read more... 05/03/2012


Daily – U.S. and Brent crude extend gains on supply worries

U.S. and Brent crude oil futures went up on Thursday on supply worries and rising tensions in Iran. By 20:28 GMT, WTi crude traded at 109.66 dollars a barrel, gaining 2.59 dollars, after having reached the utmost level at 110.55 dollars, while ICE Brent crude valued 127.30 dollars, gaining 4.64 dollars, after registering the utmost settlement of 128.40 dollars.

read more... 02/03/2012


Daily – US crude adds to losses, Brent pares gains

U.S. crude oil futures decreased in post-settlement trading on Wednesday after industry data indicated an increase in U.S. crude stockpiles much more than expected previous week. By 21:35 GMT, U.S. WTi crude for April delivery traded at 105.91 dollars a barrel, losing 34 cents.

read more... 23/02/2012