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Daily: European day-ahead power prices jump amid weaker renewable output, robust fuel demand
Crude oil prices soared over $2 a barrel on Tuesday, breaking out of a month-long trading range on technical buying and industry talks as well as spurred by U.S government figures indicating that the global oversupply could ease. Brent rose by $2.67, or 5.4 percent, to settle at $51.92, breaking out of the $47 threshold it had held since early September. WTI jumped by $2.27, or 4.9 percent, to close at $48.53 a barrel.
read more... 07/10/2015
Daily: British gas prices increase on forecasts for colder weather, stronger oil prices
WTI crude prices increased 2% on Monday, spurred by a hike in U.S. gasoline and Russia’s disposition to meet other major oil producers to discuss the market. Higher stock prices on Wall Street and a weaker dollar added further support to oil and other dollar-denominated commodities. U.S. crude firmed by 72 cents, or 1.6 percent, to close at $46.26 a barrel. Brent boosted $1.20, or 2.4 percent, to settle at $49.95 a barrel.
read more... 06/10/2015
Daily: Crude oil prices erase previous loss on U.S. oil rig count decline
Crude prices reversed early losses to post a 1% hike or more on Friday after a report indicating the fifth weekly loss in the number of the U.S. oil rig renewed fears over declining production in the world’s top oil consumer. Brent, the global oil benchmark, rose by 44 cents, or nearly 1 percent, to settle at $48.13 a barrel. U.S. crude boosted 80 cents, or 1.8 percent, to close at $45.54. For the week, Brent fell about 1 percent, while U.S. crude slipped slightly.
read more... 05/10/2015
Daily: Crude oil prices decline as U.S. hurricane concerns wipe out
Crude oil prices declined more than 1 percent on Thursday as worries about U.S. hurricane faded, reducing an early hike that was intensified by concerns of storm damage to U.S. East Coast oil installations. Brent, the global benchmark for crude, declined 68 cents, or 1.4 percent, to trade at $47.69 a barrel, after hitting a one-week high at $49.84. The WTI lost 35 cents, or 0.8 percent, to settle at $44.74, it rose more than $2 or 4 percent at its session peak.
read more... 02/10/2015
Daily: Crude oil prices diverge in volatile trade amid a hike in U.S. stockpiles, airstrikes in Syria
Crude oil prices settled mixed in volatile trade on Wednesday, with Brent increasing on concerns about Russian airstrikes in Syria and WTI crude declining after figures showing a hike in domestic stockpiles. For the quarter, both Brent and U.S. crude lost 24 percent, recording their largest decline since the end of 2014. Brent rose by 14 cents, or 0.3 percent, to close at $48.37 a barrel. It shed 10 percent for September. U.S. crude slipped 14 cents, or 0.3 percent, to end at $45.09, reversing earlier gains. For the month, U.S. crude fell 8 percent.
read more... 01/10/2015