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Daily: WTI crude reverses previous gains to end down 4.6%
Crude oil prices dropped on Thursday dragged down by an erratic dollar and OPEC’s forecasts for a weakening demand to 28.78 million barrels per day in 2015, down 140,000 bpd from its previous expectation.
read more... 16/01/2015
Daily: European spot power prices jump reflecting stronger heating demand amid cold spell
Crude oil prices dropped on Monday, dropping more than $1 a barrel, dragged down by market’s fears about supply glut and dipping to their lowest level since May 2009. Global benchmark Brent crude decreased $1.57 to close at $57.88. U.S. crude tumbled $1.12 to end at $53.61 a barrel, following Brent downward.
read more... 30/12/2014
Daily: European spot power prices fade ahead of five-day Christmas holiday
Crude oil prices increased by more than $2 a barrel on Tuesday, soaring for a second time in three days, after figures indicated the fastest pace of U.S. economic growth in 11 years, rising expectations for crude demand. Brent boosted $1.58 to settle at $61.69 a barrel, prolonging its rise in post settlement to $62.14. U.S. crude rose by $1.86 to close at $57.12, and rallied thereafter to as high as $57.56.
read more... 24/12/2014
Daily: European spot power prices drop on robust wind power supply, tightening demand
Brent crude futures declined for a fifth consecutive day on Tuesday to close below $60 a barrel, while WTI crude ended a volatile session slightly higher as trading of expiring options helped defend the price above $55. Brent crude for January delivery slipped $1.20, or nearly 2 percent, to settle at $59.86 a barrel. The contract has lost more than 10 percent in five days of trading. U.S. crude's front-month rose 2 cents to close at $55.93 a barrel. Its session low of $53.60 was the lowest since May 2009.
read more... 17/12/2014
Daily: Crude oil prices tumbled 3% to five-year lows on IEA pessimistic forecasts
Crude oil markets declined 3 percent or more to tumble to a fresh five-year low on Friday on IEA’s forecast for even weaker oil prices, lower demand and robust supply in 2015. Benchmark Brent oil ended at below $62 a barrel and U.S. crude tumbled to under $58 to prolong Thursday’s decline below $60. Brent decreased $1.83, or nearly 3 percent, at $61.85 per barrel. It slumped to $61.35 during the session, the weakest level since July 2009. WTI crude slipped $2.14, or 3.6 percent, to close at $57.81. It dropped earlier to $57.34, its lowest since May 2009.
read more... 15/12/2014