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Daily: British prompt gas prices decline on firmer supply from Norway
Crude oil prices increased on Monday, buoyed by weaker dollar that counterbalanced pressure on prices from a supply glut. Oil prices were pressured as Saudi Arabia has stood firm on its decision to keep production levels, saying it would consider reducing output only if producers outside OPEC also did so. U.S. crude futures rose by 88 cents to settle at $47.45 on Monday, up 1.9 percent. Brent price boosted more than 1 percent to close up 60 cents at $55.92 per barrel.
read more... 24/03/2015
Daily: British prompt natural gas prices tumble as supply surpasses demand
Crude oil prices decreased on Thursday on the dollar appreciation and Kuwait’s statement that OPEC had no choice but to continue producing in an oversupplied market undermined the previous day’s hike. Benchmark Brent oil eased nearly 3 percent, while U.S. crude declined by almost 2 percent, weighed by the dollar's increase against most currencies. Brent lost 1.48$ to end at $54.43 a barrel, after slipping $2 at one point. WTI crude slipped 70 cents to settle at $43.96, sliding more than $1.90 earlier.
read more... 20/03/2015
Daily: European power prices diverge, with German up and French flat
U.S. oil futures boosted on Wednesday and Brent pared losses as OPEC member Iran announced that it set against a schedule for a freeze of nuclear activities, move that pushed up crude which was dragged down by strong U.S. inventories. U.S. crude rose by $1.01 to settle at $51.53 a barrel, reversing a near $1 decline from earlier in the day. U.S. oil futures boosted on Wednesday and Brent pared losses as OPEC member Iran announced that it set against a schedule for a freeze of nuclear activities, move that pushed up crude which was dragged down by strong U.S. inventories. U.S. crude rose by $1.01 to settle at $51.53 a barrel, reversing a near $1 decline from earlier in the day. Brent decreased 47 cents to close at $60.55 a barrel, after slipping more than $1.50 earlier.
read more... 05/03/2015
Daily: Crude oil prices rally for the third consecutive day on OPEC forecasts for larger crude demand
Crude oil rebounded for a third consecutive session on Monday on OPEC’s forecasts for stronger demand for this year than previously thought and on expected lower supply from countries outside the producer cartel. Benchmark Brent oil futures rose by 54 cents, or nearly 1 percent, to close at $58.34 a barrel, after jumping to $59.61 at one point. WTI crude futures increased by $1.17, or 2.3 percent, to close at $52.86 after a session peak at $53.99.
read more... 10/02/2015
Daily: European prompt power prices diverge on stronger wind, cold temperatures
Crude oil tumbled on Monday, with WTI crude dipping at its weakest level following comments from OPEC that prices may have found a floor and could move higher soon. Global benchmark Brent dropped 1.3 percent to settle at $48.16. U.S. crude decreased by about 1 percent, ending at $45.15, the lowest price for the existing front-month contract.
read more... 27/01/2015