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Daily: European power prices evolve differently as demand spurred French prices
Crude oil prices decreased over 2% on Friday, prolonging the week’s decline to the largest in eight months, dragged down by largest amount of storage of crude. WTI crude fell $1.01, or 2.42 percent, to settle at $40.74 a barrel. It lost about 8 percent on the week, its most since March. Brent crude dropped 46 cents, or 1.04 percent, to close at $43.60 a barrel. For the week, Brent plunged nearly 8 percent, also its most since March.
read more... 16/11/2015
Daily: Crude oil fell around 4%, close to the six-year low on persistent oversupply
Crude oil prices fell almost 4% on Thursday, dragged down by a persisted supply glut and an increase in U.S. inventories and by a pessimistic forecast for next year. Brent crude declined below $45 a barrel for the first time since August, its sixth decrease of a seven-day losing streak of more than $6 a barrel, or 12 percent. Brent futures lost $1.75, or 3.8 percent, to settle at $44.06 a barrel. WTI crude plunged $1.18, or 2.8 percent, to close at $41.75. It posted a record low in August at $37.75.
read more... 13/11/2015
Daily: Crude oil plunges to the lowest level since 27 August on supply jitters
Crude oil prices reversed gains from the previous day, plunging about 3 percent on Wednesday, touching August lows, sparking new worries about growing U.S. crude stockpiles and supplies from Iraq. Brent crude declined $1.63, or 3.4 percent, to settle at $45.81 a barrel, posting a session low of $45.62, the lowest since August 27. U.S. West Texas Intermediate contract eased $1.28, or 3 percent, to close at $42.93.
read more... 12/11/2015
Daily: Crude oil prices recover after a four-day losing streak
Crude oil prices rebounded on Tuesday, breaking a four-day losing streak in a market struggling to draw conclusions from contrasting monthly reports by the International Energy Agency (IEA) and the US Department of Energy (DoE). WTI crude prices for December delivery gained 34 cents to settle at 44.21 dollars a barrel on the New York Mercantile Exchange, while Brent crude rose 25 cents to end at 47.44 dollars on the London ICE Futures Exchange.
read more... 11/11/2015
Daily: European power diverge on robust wind supply in Germany, higher consumption in France
Crude oil prices declined as much as 1 percent on Monday, prolonging losses for a consecutive day, dragged down by new stockpile hike at the delivery point for U.S. crude futures and lower Wall Street share prices. On Monday, the front-month in Brent crude futures fell 23 cents, or 0.5 percent, to close at $47.19 a barrel. West Texas Intermediate (WTI) dropped 42 cents, or 1 percent, to settle at $43.87.
read more... 10/11/2015