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Daily: British spot prices tumble as robust flows from Norway offset blackout at gas terminal
Oil prices declined from new four-month highs in agitating trading on Wednesday after Russian oil minister Alexander Novak stated at a closed-door briefing that a deal on an oil output freeze expected to be signed this month in Doha would not yield a positive outcome. Brent crude fell 51 cents to settle at $44.18 per barrel, while U.S. crude eased 41 cents to close at $41.76.
read more... 14/04/2016
Daily: Crude oil prices rally on agreement between Russia and Saudi Arabia to stabilize the supply
Brent crude oil prices hiked to a four-month high and energy equities increased on Tuesday, bounced by reports of an agreement between two important producers to freeze output, driving U.S. equities higher. Russia and Saudi Arabia reached consensus about an oil output freeze ahead of a producers' meeting there on April 17. Brent crude boosted 3.3 percent to settle at $44.22 a barrel and WTI U.S. crude climbed 4.5 percent to close at $42.17.
read more... 13/04/2016
Daily: Brent crude hikes four-month high ahead of Doha producers meeting
Brent crude prices rallied to a four-month high on Monday, spurred by strong commodities markets ahead of Doha meeting on April 17 aimed at freezing current output levels. Brent crude futures, the global benchmark, rose 89 cents, or 2.12 percent to settle at $42.83 a barrel, after hitting the highest level since December 7 earlier in the day. U.S. crude futures boosted 64 cents, or 1.6 percent, to close at $40.36 a barrel.
read more... 12/04/2016
Daily: Crude oil prices post a 6 % hike on U.S. inventories draws, Keystone closure
Crude oil prices boosted more than 6 percent on Friday to post the largest weekly gain in a month as a decline in U.S. crude inventories fed hopes that a heavy global oversupply may be approaching a turning point after nearly two years. The closure of the Keystone crude pipeline to Cushing, Oklahoma spurred U.S. crude futures. Oil also received support after Russia said its crude output declined in April, ahead of a meeting of major oil-producing countries in Doha intended to freeze output. Brent crude futures rose $2.51, or 6.4 percent, to settle at $41.94 a barrel, attaining a session peak of above $42. U.S. crude futures climbed $2.46, or 6.6 percent, to end at $39.72. Earlier, it climbed to nearly $40.
read more... 11/04/2016
Daily: European spot power prices up on tighter supply, while forward down tracking coal, carbon
Crude oil prices closed down on Thursday after figures showed robust weekly stockpiles at the U.S. crude storage hub despite a pipeline outage, but prices pared losses on short covering, indicating more volatility ahead. Brent futures eased 41 cents, or about 1 percent, to settle at $39.43 a barrel, backtracking losses from the session low that saw Brent down more than $1, or nearly 3 percent. WTI crude futures ended down 49 cents at $37.26, after plunging as low as $36.69.
read more... 08/04/2016