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Daily: British gas prices tumble on milder weather outlook, weaker consumption
Crude oil prices declined on Monday after pessimistic Chinese factory data intensified worries about energy demand in the No.2 economy, while record high Russian crude output helped to ease the global supply glut. Brent crude declined by 77 cents, or 1.6 percent, to settle at $48.79 a barrel. U.S. crude futures slipped 45 cents, or 1 percent, to close at $46.14.
read more... 03/11/2015
Daily: Crude oil settles higher, up 3% over the month
Crude oil futures closed higher on Friday to register a monthly gain of more than 3% on increasing expectations that crude production will soon drop. Oil-services firm Baker Hughes unveiled a weekly decline in the number of active rigs drilling for oil, but economic data intensified worries about U.S. energy demand, curbing oil increase for the session. WTI crude for December delivery closed at $46.59 a barrel on the New York Mercantile Exchange, up 53 cents, or 1.2%, for the day. Brent crude on London’s ICE Futures exchange rose by 76 cents, or 1.6%, to close at $49.56 a barrel.
read more... 02/11/2015
Daily: Crude oil prices recover, with WTI up 6%
Crude oil prices recovered on Wednesday, with WTI crude increasing more than 6% as the government unveiled a stockpile hike that reversed pessimistic market expectations and after the Federal Reserve's announcement that it would leave interest rates near zero. U.S. crude rose by $2.74 to close at $45.94 a barrel, hitting a session high at $46.01. Brent crude jumped $2.24 to settle at $49.05. U.S. crude's hike of 6% was the biggest in two months. Brent's 5 % increase was the biggest in three weeks.
read more... 29/10/2015
Daily: Crude oil plunges for a third straight session to hit multi-weeks low on lingering oversupply
Crude oil prices plunged for a third consecutive session to hit multi-week lows on Tuesday on lingering global supply glut ahead of data expected to indicate another build in U.S. crude stockpiles. Brent crude for December delivery shed 73 cents to settle at $46.81 a barrel. The settlement and the $46.41 session low were the weakest level since September 15. WTI crude for December slipped 78 cents to close at $43.20, the lowest settlement since August 27.
read more... 28/10/2015
Daily: Crude oil prices continue the 2-week decline amid refined oil glut lingering concerns
Crude oil prices continued to decline on Monday amid lingering concerns over a global supply glut and weakening demand dragging prices to their lowest settlement in roughly two months. Oil was also under pressure after Goldman Sachs said in a research report that oil prices could go "sharply lower" as storage tanks hit capacity, predicting the oil market would not balance itself in 2016. Brent crude fell 45 cents, or almost 1 percent, to settle at $47.54 a barrel. U.S. crude eased 62 cents, or 1.4 percent, to end at $43.98. Both crude benchmarks have declined by 10 percent over the past two weeks.
read more... 27/10/2015