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Daily – U.S. crude retains big gains in post settlement trading

U.S. crude oil futures retained big gains in post-settlement trading on Tuesday even if industry data indicated that domestic crude stocks increased 3.4 million barrels previous week, against a forecast in a Reuters poll showing an increase of 1.4 million barrels. By 20:34 GMT, WTi crude oil for May delivery settled at 104.20 dollars a barrel, up 1.27 dollars.

read more... 18/04/2012


Daily – U.S. crude ends at 8-week low on China data

Crude oil futures decreased on Tuesday for the second day in line as data indicated a drop in Chinese imports of major commodities in March and raised concerns over oil demand. WTi crude oil futures for May delivery traded at 101.02 dollars a barrel, down 1.44 dollars, and settling the lowest settlement since February 14, while ICE Brent crude for May delivery valued 119.88 dollars, down 2.79 dollars, the lowest settlement since February 17. The contract traded between 119.67 and 122.67 dollars.

read more... 11/04/2012


Daily – Brent crude futures end higher after two consecutive days of losses

U.S. crude continued to rise on Thursday as investors covered shorts ahead of the Easter holiday weekend after prices fell heavily in the two previous sessions. By 14:53 GMT, WTi crude traded at 102.80 dollars per barrel, gaining 1.33 dollars.

read more... 06/04/2012


Daily – UK gas prices remain firm on North Sea gas leak fears

U.S. and ICE Brent crude futures continued to decrease on Thursday following a report on jobless claims disappointed and the final data on U.S. economic increase in the fourth quarter came in unchanged from the previous estimate and along with consensus expectations. WTi crude for May delivery traded at 105.91 dollars, down 50 cents, while ICE Brent crude for May delivery valued 124.02 dollars a barrel, losing 14 cents.

read more... 29/03/2012


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