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Daily: Oil tumbles as stronger dollar overshadows OPEC deal hopes
Crude oil prices closed slightly lower on Thursday, then tumbled as much as 1 percent after-trade-market session as a robust dollar overshadowed expectations of an OPEC deal to curb production. Brent crude lost 14 cents or 0.3 percent to end at $46.49 a barrel , before slipping further to $46.12. U.S. West Texas Intermediate crude shed 15 cents or 0.33 percent to settle at $45.42. It dropped in post-settlement by 56 cents, or 1.2 percent, to $45,01.
read more... 18/11/2016
Daily: French year-ahead power contract hits new record high on nuclear worries
Crude oil prices soared 6 percent on Tuesday, with U.S. crude hitting its largest daily percentage gain in seven months on revived expectations that OPEC will agree later this month to limit a global oversupply. U.S. crude closed the session $2.49 higher at $45.81 per barrel, a 5.8 percent gain, its biggest daily percentage hike since early April. Brent futures ended at $46.95 a barrel, up $2.52, or 5.7 percent, its largest percentage gain since September 28.
read more... 16/11/2016
Daily: French spot power prices rally over 45% on nuclear uncertainty
Crude oil prices were mainly flat on Monday, recovering from three-month lows as OPEC members are still at odds over how to share output cuts, a report said. Brent crude futures closed at $44.43 per barrel, down 0.72 percent, after slipping as low as $43.57. U.S. crude shed 0.2 percent to settle at $43.32, after reaching a low of $42.20. Both benchmarks' session lows were the weakest levels since August 11.
read more... 15/11/2016
Daily: Crude oil prices decline on revived doubts about the OPEC agreement
Crude oil prices ended down more than 2 percent on Friday on OPEC statement that October output hit another record, raising doubts if plans to curb production are achievable or enough to cut supply glut in the market. International Brent crude futures closed at $44.75 per barrel, down $1.09, or 2.4 percent. It had attained a low of $44.19, the lowest level since August. U.S. West Texas Intermediate (WTI) futures eased $1.25, or 2.8 percent, to settle at $43.41 per barrel, after recovering from a low of 43.04.
read more... 14/11/2016
Daily: Crude oil retreats as focus moves from U.S. elections to crude oversupply, OPEC meeting
Crude oil prices declined over 1 percent on Thursday as the markets digested the shock over U.S. President-elect Donald Trump's victory and focused on supply glut concerns. Brent crude lost 54 cents, or 1.1 percent, to settle at $45.84 a barrel. U.S. West Texas Intermediate crude fell 61 cents, or 1.4 percent to end at $44.66. The Organization of the Petroleum Exporting Countries (OPEC) meets in Vienna on November 30 for talks on output reduction.
read more... 11/11/2016