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Daily: Nordic spot power prices have increased on lower wind electricity production
Brent crude remained stable below $103 a barrel on Tuesday, with a new conflict in OPEC oil producer Libya balanced by worries of slowing oil demand increase because of weak economic improvements in China and Europe.
read more... 02/09/2014
Daily: Brent crude dips to 13-month low on high production from OPEC
Brent crude plunged to 13-month low on Tuesday as higher OPEC production attenuated concerns over potential supply disruptions in Iraq and Libya. Brent crude for September delivery dropped $1.66 to settle at $103.02 per barrel. Brent's $102.65 intraday low was the weakest price since July 1, 2013. U.S. crude for September delivery slipped 71 cents to close at $97.37 a barrel, having fallen earlier to $96.81.
read more... 13/08/2014
Daily: UK natural gas prices climb amid Ukraine warning of "all types of transit" halting
Brent crude oil dropped toward $105 a barrel on Friday following the U.S. military air strikes in Iraq that may diminish the risk of oil supply disruptions from OPEC’s second largest producer, while U.S. crude gained support from reviving stock market. Brent crude rallied to a weekly high of $106.85 earlier in the session, but soon turned negative and settled 42 cents lower at $105.02 a barrel. U.S. crude boosted 31 cents to close at $97.65 a barrel, off an intraday high of $98.45.
read more... 11/08/2014
Daily: Brent crude slumps amid strong OPEC oil production
Brent crude slipped on signs of strong OPEC oil production, while U.S. crude also declined on Thursday, going below $98 a barrel, reaching the weakest level since March amid news of an eventual closure for indefinite period at a Kansas oil refinery. Brent crude for September delivery closed down 49 cents at $106.02 a barrel, having declining more than 6 percent in July, on track to hit its biggest monthly fall since April 2013. U.S. crude futures for September delivery slipped $2.10 to settle at $98.17 a barrel, on course for a monthly drop of nearly 7 percent, its largest since May 2012.
read more... 01/08/2014
Daily: Oil crude prices plunge on oil crisis end in Libya
Both crude oil benchmark contracts dropped on Thursday as supply worries started to attenuate after Libyan government has reached a deal with rebels to end the oil crisis that has curbed exports from the OPEC member. Brent hit a session low of $110.53 before paring losses ahead of the settlement. U.S. oil slipped 42 cents to close at $104.06 a barrel, after plunging as low as $103.67 earlier in the session, posting a three-week low.
read more... 04/07/2014