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Daily: European spot electricity prices jump on lower wind output in Germany, higher electricity demand in France
Crude oil prices increased on Tuesday, with WTI crude soaring as much as 2 percent, spurred by optimistic economic figures and bets for weaker crude inventories in the United States, the largest oil consumer in the world. WTI crude rose by 75 cents to settle at $42.62 a barrel. Brent, the London-traded global benchmark for oil, boosted 7 cents to settle at $48.81, snapping a three-day loss. Brent declined initially on Tuesday morning after a stock market collapse in China, the No. 2 oil consumer.
read more... 19/08/2015
Daily: WTI crude oil recovers from six- and- half year low, while Brent plunges
U.S. crude oil rebounded after declining to a new 6-1/2 year low on Friday, registering a seventh weekly loss due to worries about supply glut, while Brent futures fell as the front-month September contract neared to expiration. U.S. September crude closed at $42.50 a barrel, up 27 cents, and continued to oscillate in post-settlement trade. Expiring Brent September crude dropped 19 cents to settle at $49.03, but rose nearly 1 pence for the week.
read more... 17/08/2015
Daily: WTI crude oil recovers from six- and- half year low, while Brent plunges
U.S. crude oil rebounded after declining to a new 6-1/2 year low on Friday, registering a seventh weekly loss due to worries about supply glut, while Brent futures fell as the front-month September contract neared to expiration. U.S. September crude closed at $42.50 a barrel, up 27 cents, and continued to oscillate in post-settlement trade. Expiring Brent September crude dropped 19 cents to settle at $49.03, but rose nearly 1 pence.
read more... 17/08/2015
Daily: German year-ahead power prices decline tracking bearish energy markets
Crude oil prices traded higher on Wednesday as dollar devaluation and weaker U.S. crude inventories provided a slight increase from six-year lows hit in the previous session, while concerns about China’s depreciating currency and economic downturn deflated prices . WTI crude futures rose 22 cents, or 0.5 percent, to close at $43.30 a barrel, after gaining almost 80 cents at the session high. The market lost $1.88, or more than 4 percent, on Tuesday, closing at $43.08 a barrel, its lowest since March 2009. Futures of Brent edged 48 cents up, or 1 percent, to touch $49.66 a barrel, after a session peak at $50.01.
read more... 13/08/2015
Daily: Crude oil rebounds from multi-month lows after a refinery outage in the U.S
Crude oil prices rebounded on Monday, up 4 percent after a hike in U.S. gasoline and diesel due to a refinery outage helped crude futures recover from multi-month lows. Brent boosted 3.7 percent, recording its largest gain since end-May. U.S. crude jumped 2.5 percent, its highest in two months. Brent crude advanced $1.80 to close at $50.41 a barrel. WTI crude added $1.09 to settle at $44.96 a barrel.
read more... 11/08/2015