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Daily Energy Overview, Thursday, February 03, 2011
Oil prices increased on Wednesday on persisting concerns that the unrest in Egypt could develop across the Middle East and North Africa.
read more... 03/02/2011
Daily Energy Overview, Wednesday, February 02, 2011
Oil prices increased on Wednesday, with ICE Brent crude futures hitting almost the highest level since September 2008 on persisting concerns over unrest in Egypt, source of over a third of the world's oil.
read more... 02/02/2011
Daily Energy Overview, Tuesday, February 01, 2011
Oil prices retreated on Tuesday as the second-largest oil consumer in the world, China, has seen its factory growth plunging to a five-month low, indicating demand may not augment as rapidly as expected, and amid concerns that disorder in Egypt could endanger the stability of the Middle East and interrupt oil shipments from the region, though keeping Brent above $100.
read more... 01/02/2011
Daily Energy Overview, Monday, January 31, 2011
U.S crude oil futures increased more than 4 dollars a barrel on Friday as U.S. economy data indicated a year-on-year growth of 3.2 percent in the fourth quarter of 2010. By 17:15 GMT, prices for March delivery increased by 3.75 dollars at 88.39 dollars a barrel on the New York Mercantile Exchange, after having hit the utmost level of 89.73 dollars a barrel.
read more... 31/01/2011
Daily Energy Market Overview, Wednesday, January 27, 2011
Prices for U.S. crude oil increased over 1 percent on Wednesday, breaking down the sixth consecutive drop supported by the statement from the Federal Reserve to hold the interest rates at the same level but also left the central bank’s 600 billion dollars obligation purchasing plan intact.
read more... 27/01/2011