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Daily: Crude oil plunges to the weakest level since March on pessimist economic figures from China
Brent and WTI crude futures plunged on Friday to their lowest point since March and registered their fourth consecutive weekly decline as pessimistic economic data from China and an increase in U.S. oil drilling rigs put pressure. Brent crude for September delivery dipped 65 cents to close at $54.62 a barrel, the lowest settlement since March 19 and off 4.3 percent for the week. U.S. crude for September delivery shed 31 cents to settle at $48.14, its weakest settlement since March 31 and down 5.5 percent for the week. The session low of $47.72 was the lowest intraday price since April 1.
read more... 27/07/2015
Daily: Brent crude hits its lowest settlement since April on supply glut, weak demand
Brent crude oil futures hit its weakest point since April on Thursday and U.S. crude declined below $49 a barrel for the first time since late March, on continued worries about robust supply and low demand which offset support from dollar’s depreciation. U.S. crude for September delivery shed 74 cents to close at $48.45 a barrel, the weakest settlement since March 31. Brent crude for September delivery dipped 86 cents to settle at $55.27, the lowest settlement since April 2.
read more... 24/07/2015
Daily: European spot power prices retreat due to lowering air conditioning demand
Crude oil prices declined and WTI closed below $50 a barrel on Wednesday after government figures indicated that crude oil stockpiles in the United States strengthened last week and as a stronger dollar and weaker global equities added to pressure. U.S. crude for September delivery tumbled $1.67, or 3.28 percent, to settle at $49.19 a barrel, first settlement below $50 since April. Brent crude for September delivery dropped 91 cents to close at $56.13.
read more... 23/07/2015
Daily: Crude oil futures recover after a volatile trade
Crude oil futures recovered after a volatile session due to a weaker U.S. dollar, while low earnings dragged stocks lower. Expiring U.S. crude for August delivery edged 21 cents up to settle at $50.36 a barrel, after declining to $49.77 intraday. WTI crude for September delivery closed at $50.86, up 42 cents. Brent crude for September delivery advanced 39 cents to hit $57.04, having oscillated from $56.33 to $57.44. Brent's premium to September U.S. crude held above $6 a barrel.
read more... 22/07/2015
Daily: European year-ahead power prices at the highest level in nearly four months
Crude futures slipped on Monday and U.S. crude declined below $50 a barrel intraday, dragged down by robust supply, expectations of more Iranian crude to export and appreciating dollar. Brent crude for September delivery declined by 45 cents to settle at $56.65 a barrel, having fluctuated between $56.33 and $57.44. U.S. August crude, set to expire on Tuesday, shed 74 cents to close at $50.15, having fallen to $49.85, its first time below $50 since April.
read more... 21/07/2015