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Daily Market Update, Wednesday, November 17, 2010
Oil decreased below $82 per barrel due to renewed concerns that China might increase interest rates to fight inflation. At 10:09 GMT, U.S. crude oil futures decreased at $81.18 per barrel, while ICE Brent crude was traded at $83.57 per barrel.
read more... 18/11/2010
Gazprom will be a partner of Petronas in the Cuba project.
Gazprom Neft, the oil unit of Russian energy company Gazprom, will hold 30% stake in a Cuban oil project, operated by Malaysia's Petronas's, in order to explore and develop four blocks in the Gulf of Mexico.
read more... 17/11/2010
Daily Market Update, Tuesday, November 16, 2010
Oil dropped below $84 per barrel on Tuesday, due to a stronger dollar and to unexpected news of an increase in U.S. crude stocks. At 11:25 GMT, U.S. crude for the December delivery decreased at $83.60 per barrel, while ICE Brent for January delivery dropped to $85.76 per barrel.
read more... 17/11/2010
Daily Market Update, Monday, November 15, 2010
Oil was up above $85 per barrel on Monday after dropping from a two-year high last week, due to an increasing desire to take a risk and to investors passing over Irish debt worries. At 10:38 GMT, U.S. crude increased at $85.41 per barrel, while ICE Brent futures climbed to $87.01 per barrel.
read more... 16/11/2010
Daily Market Update, Friday, November 12, 2010
Oil was down below $86 per barrel on Friday, due to worries regarding Irish debt which led to an important withdrawal of riskier assets. At 10:25 GMT, U.S. crude decreased to $85.76, while ICE Brent dropped to $87.18 per barrel.
read more... 15/11/2010