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Daily: French and German electricity spot prices traded at par at 33.5 Eur/MWh
Crude oil dropped by 1 percent or more on Monday on a decline in Chinese demand and concerns that OPEC’s decision to hold its output threshold could prolong the actual oversupply, even if a weaker dollar slashed losses. Chinese imports slipped by more than 6 percent, against a 10 percent drop in exports. Brent crude lost 62 cents, or 1 percent, to settle at $62.69 a barrel. U.S. crude fell 1.7 percent, or 99 cents, to close at $58.14.
read more... 09/06/2015
Daily: Crude oil gains 2% on OPEC decision to hold output level
Crude oil established its first hike in three days on Friday, up 2 percent immediately after the OPEC’s cartel decision to hold production levels at 30 million barrels per day. Crude oil prices were volatile after the OPEC’s announcement, with Brent trading in a narrow range around $62 a barrel, before ending the day up at $63.31 a barrel. On April 16, the European benchmark hit a low of $60.94. For the week, it fell 3.6 percent. WTI crude firmed by $1.13, or almost 2 percent, to settle at $59.13. It lost 2 percent on the week.
read more... 08/06/2015
Daily: Europe power forward prices diverge tracking volatile fuel price trends
Crude oil prices declined by about 3 percent on Wednesday as traders and investors ignored a fifth consecutive weekly fall in U.S. crude inventories to concentrate instead on a big increase in distillates, including diesel as the peak season for road travel is arriving. Brent crude fell $1.69, or 2.6 percent, to close at $63.80 a barrel. U.S. crude tumbled 2.6 percent, or $1.62, to close at $59.64.
read more... 04/06/2015
Daily: British gas prices increase on short system, weaker imports
Crude oil prices boosted on Tuesday, spurred by a weak dollar and expectations that U.S. crude supplies could have dropped last week for a fifth consecutive week. Brent crude oil rose by 61 cents, or 1 percent, to settle at $65.49 a barrel. U.S. crude inched $1.06 up, or 1.8 percent, to close at $61.26.
read more... 03/06/2015
Daily: Crude oil prices shed on robust production from OPEC, firmer dollar
Crude oil closed down as much as 1 percent on Monday, retiring from Friday’s hike on a strong dollar and worries over extremely high supplies from OPEC. The Organization of the Petroleum Exporting Countries pumped a record high of 31.22 million barrels of oil per day (bpd) in May and the group is expected the maintain its current production at its meeting on Friday. Brent crude oil futures declined by 68 cents, or 1 percent, to close at $64.88 a barrel. U.S. crude decreased just by a dime, ending at $60.20 a barrel, after slipped more than 1 percent with Brent earlier.
read more... 02/06/2015