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Daily: WTI Crude oil drops for a fifth consecutive week on plentiful supplies

U.S. crude oil futures dropped on Friday for a fifth consecutive week of declines, while Brent was pressured by a stronger dollar and ample supplies despite an intensification of tensions between Russia and Ukraine.

read more... 25/08/2014


Daily: European power prices tumble on stronger wind output in Germany

Brent and WTI crude futures boosted on Thursday spurred by upbeat economic data from the United States after an ample supply outlook and as Chinese economic figures had earlier pressured prices. Brent crude for October delivery on Thursday climbed 35 cents to settle at $102.63, up from its session low of $101.21. U.S. crude for October delivery increased 51 cents to close at $93.96 a barrel, reversing earlier losses.

read more... 22/08/2014


Daily: British gas prices increase on tight flows from Norway

Brent crude plunged, hitting a new 14-month low during Tuesday's session as the forecasts of stronger Iraqi and Libyan oil supplies weighed on the market. Brent crude oil for delivery in October declined 4 cents to hit at $101.56 a barrel, after slipping to $101.07, the lowest level since June 2013. WTI crude oil fell nearly $2 on Tuesday, falling for a second consecutive day as a rush of selling ahead of the session settlement dragged the contract to its lowest price since January. U.S. crude for September delivery tumbled abruptly a day ahead of its contract expiration, touching a session low of $94.27, its weakest level in seven months, before paring losses to settle at $94.48 a barrel, down $1.93.

read more... 20/08/2014


Daily: European coal prices soar on nuclear and gas production outage

Brent crude slipped on Monday despite many geopolitical risks including U.S. air strike in Iraq, while U.S. crude increased on expectations of a draw in U.S. inventories. Brent crude dropped 34 cents to settle at $104.68 a barrel, while WTI crude rose 43 cents to close at $98.08 a barrel.

read more... 12/08/2014


Daily: European power prices fall as fears of Russia sanctions attenuate

Crude oil prices dropped on Wednesday, with Brent falling due to supplies glut in Europe and Asia, while U.S. crude followed the trend despite a larger-than-expected decline in national inventories. Brent crude tumbled $1.21 to settle at $106.51 a barrel. WTI crude fell 70 cents to close at $100.27 a barrel, after hitting a low of $99.90.

read more... 31/07/2014