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Daily Energy Market Overview, Wednesday, July 13, 2011
Oil prices ended higher on Tuesday, with ICE Brent crude for August delivery having recovered from two consecutive days of losses, ending at $117.75 a barrel, up 0.44%, as the dollar dipped against a basket of currencies, but gains were limited on persisting concerns over the euro zone debt crisis. U.S. crude oil futures ended 2.4% higher on Tuesday ahead of inventory reports likely to indicate that domestic crude stocks dropped last week. On the New York Mercantile Exchange crude for August delivery settled at $97.43 a barrel.
read more... 13/07/2011
Daily energy Overview, Thursday, June 09, 2011
U.S. and Brent crude futures increased on Wednesday following OPEC’s failure to increase the output and API inventory data indicating a sharp drop in crude oil stocks last week.
read more... 09/06/2011
Daily energy Overview, Wednesday, May 18, 2011
U.S. crude oil futures traded higher in the post-settlement trading on Tuesday after API released data indicating a decrease in gasoline and distillates stockpiles last week disregarding forecasts for an increase of inventory levels. By 20:35 GMT, U.S. crude for June delivery settled at 97.38 dollars a barrel, up 11 cents.
read more... 18/05/2011
Daily Energy Market Overview, Thursday 30, 2010
Oil prices dropped under $91 on Thursday after the U.S. Labor Department data indicated a recovery of the national labor market as jobless claims hit their lowest in 29 months, and ahead of the latest weekly U.S. oil inventory data to be released, likely to indicate a fall of crude inventories for the fourth week in a row.
read more... 30/12/2010
Energy Market Overview, Wednesday, December 15, 2010
Oil prices fell below $88 a barrel on Wednesday on fears over the health of the global economy and following U.S. inventory data suggesting weak demand by the world's largest oil consumer.
read more... 15/12/2010