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Daily: European power spot prices increase on colder weather and low supply
Brent crude oil futures for March delivery settled down 18 cents at $111.71 per barrel on Monday, ending a three-day rally , dragged down by pessimism over global economic growth which restored traders ‘focus to healthy supply levels, slashing fears of unrest in North Africa. Meanwhile, U.S. WTI crude futures were off 9 cents in overnight electronic trading at $95.47 a barrel at 1649 GMT, after hitting a four-month high last week. U.S. markets were closed on Monday for a public holiday.
read more... 22/01/2013
Daily: Brent crude oil up on the agreement approved by the Congress to prevent a fiscal crisis
After the U.S. Congress has approved an agreement to prevent a fiscal crisis, both Brent and U.S. crude oil were up, with Brent which has reached a one-month high, arriving at $112 per barrel on Wednesday at the same time as U.S. crude oil was up by 90 cents to 92.72 dollars a barrel. During the month, WTI increased by 3.3% while Brent oil declined by 0.1%.
read more... 02/01/2013
Daily: German and French spot electricity prices boost on lower wind
Front-month Brent and U.S. crude oil futures fell by $1.08 and 59 cents a barrel respectvely on Tuesday on worries about the impact of the U.S. budget crisis on already struggling demand. Meanwhile, Brent contract for January delivery traded as high as $110.92 a barrel during intraday activity, and declined to a low of $109.15 a barrel. WTI crude futures traded as high as $89.18 a barrel and as low as $87.57 during intraday activity.
read more... 05/12/2012
Brent or WTI– which global benchmark?
It has been coming for years, but Brent looks set finally to overtake U.S. light crude as the preeminent oil benchmark next year as one of the top financial market indexes switches weightings.
read more... 22/11/2012
Daily – Crude ends higher as Iran talks extended
WTi and ICE Brent crude oil futures increased on Thursday as Iran and major powers, unable to sign an agreement on Tehran’s disputed nuclear program, ended negotiations until next month.
read more... 25/05/2012