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Daily: Crude oil declines 2 percent on supply glut concerns, dollar appreciation
Crude oil futures declined more than 2 percent on Monday on investors’ concerns about supply glut and the dollar appreciation, but heating oil futures rose 5 percent amid operational issues at main U.S. refineries.
read more... 24/02/2015
Daily: European spot power prices ease on supply pressure
Crude oil prices were mixed on Friday as the number of U.S. rigs drilling for oil dropped more than expected, while heating oil boosted 6 percent on a cold snap that shrunk output at three refineries. The front-month Brent rose just by penny to settle at $60.22, after plunging to a week low of $57.80 on Thursday. WTI's March futures declined 82 cents to close at $50.34 a barrel, expiring as the front-month contract.
read more... 23/02/2015
Hungary can utilize gas from Russian accord over next 4-5 years
Hungary will employ the remaining gas in its supply agreement with Russia over the next four to five years and like this evade having to pay 3 billion euros for the unexploited gas once the contract expires at the end of 2015, according to the Prime Minister Viktor Orban.
read more... 19/02/2015
Daily: Crude oil price rally stops on robust supplies estimates
Crude oil prices stopped their hike on Wednesday, with prices declining 5 percent or even more after traders and investors were awestruck by the latest estimates for U.S. supply builds that overtook nearly five times the market expectations.
read more... 19/02/2015
Daily: European spot power prices jump on cold spell, weaker wind supply in Europe
Crude oil prices were little changed on Monday after hitting the highest level since nearly two months, as the dollar appreciation following the collapse of Greek debt negotiations helped to offset intensifying violence in Libya and worries about exports from Kurdistan. Brent futures fell 3 cents to hit $61.49 a barrel by 3 p.m. EST after touching an intra-day peak of $62.57 a barrel. U.S. March crude futures were flat at $52.78 a barrel. There was no settlement on Monday due to a U.S. public holiday, with Monday’s activity to be registered on Tuesday.
read more... 17/02/2015