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Daily: Crude oil recovers from three-week lows amid stronger demand for fuel
Crude oil prices settled higher, rebounding from three-week lows on Tuesday, as U.S. refined fuel trading increased on stronger summer demand, even as the Greece’ move towards a debt default threatened to hit markets worldwide. The oil rise was also spurred by stronger dollar. Brent crude rose by $1.58, or 2.6%, to settle at $63.59 a barrel. It declined by 3% for June. WTI crude increased by $1.14, or almost 2%, to close at $59.47. It fell 1% on the month.
read more... 01/07/2015
Daily: Crude oil plunges to three-week lows on intensifying Greek crisis, Iran nuclear deal
Crude oil futures touched 3-week lows on Monday as Greece closed its banks and imposed capital controls, triggering widespread risk aversion, while Iran was expected to extend nuclear negotiations with the West to export more of its oil into an already flooded market. Brent crude futures declined by $1.25, or almost 2 percent, to settle at $62.01 a barrel, its lowest level since June 5. U.S. crude eased $1.30, or 2.2 percent, to close at $58.33 a barrel, its weakest settlement since June 8.
read more... 30/06/2015
Daily: Crude oil closes flat, with Brent slightly up after two-day decline
Crude futures settled little changed on Friday after signs that Greece might reach a deal by the weekend to avert a Greek debt default, while Iran struggled to ink a nuclear agreement to halt sanctions on its oil exports. Brent posted a modest rise after declining for two consecutive days, while WTI crude prolonged its downward trend after indications that the country's oil rig count may start increasing soon. Brent crude boosted 6 cents, or 0.1 percent, to settle at $63.26 a barrel. U.S. crude eased 7 cents, or 0.1 percent, to close at $59.63.
read more... 29/06/2015
Daily: European forward power prices rocket at an eight-week high tracking stronger coal, carbon prices
Crude oil declined for a second consecutive day on Thursday, dragged down by weaker U.S. refined fuels markets and eventual negative impact from Greek debt crisis on European energy demand. Brent crude decreased 29 cents, or 0.5 percent, to close at $63.20 a barrel. U.S. WTI crude declined by 57 cents, or almost 1 percent, to settle at $59.70.
read more... 26/06/2015
Daily: British spot gas prices firm after an outage at a Norwegian gas-processing plant
Crude oil futures declined more than 1 percent on Wednesday after a government report indicating an eight consecutive weekly draw in U.S. crude inventories was offset by a considerable increase in refined products. Brent futures fell 96 cents, or 1.5 percent, to settle at $63.49 a barrel. U.S. crude tumbled 74 cents, or 1.2 percent, to close at $60.27.
read more... 25/06/2015