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Daily: UK gas prices tumble on supply glut
Crude oil prices rose by about 5 percent on Friday, their largest hike in 1-1/2 months, as a constant U.S. dollar and a bigger than expected decline in U.S. oil rigs in operation compensated a fresh rush of bullish bets. Brent crude closed at $65.56 a barrel, up $2.98, or 4.8 percent, on the day. It was flat on the week, while for the month, it declined by 2 percent. U.S. crude has increased by as much as $4 a barrel after touching a one-month low just a day ago. WTI crude closed at $60.30, up $2.62, or 4.5 percent, on the day, and up about 1 percent on both the week and month.
read more... 01/06/2015
Daily: Crude oil prices increase in a nervous trading
Crude oil prices increased in an agitating trade on Thursday after two days of losses following data indicating a fourth weekly drawdown in U.S. crude stockpiles. Brent crude closed at $62.58, up 52 cents, or nearly 1 percent, after a six-week low at $61.24. It posted an 84 cents increase in post-settlement trade. U.S. crude rose by 17 cents, or 0.3 percent, to settle at $57.68 a barrel, after plummeting to a one-month low of $56.51. It boosted by 43 cents at $57.94 a barrel in post-settlement trade.
read more... 29/05/2015
Daily: British gas prices diverge on supply glut, colder temperatures forecasts
Crude oil prices decreased by up to 3 percent for a second consecutive day on Wednesday as a strengthening dollar weighted on the market amid worries that U.S. crude supplies may have begun increasing again after three weeks of declines. Brent crude fell $1.66, or 2.6 percent, to settle at $62.06 a barrel. U.S. crude closed at $57.71, down 52 cents, or 1 percent.
read more... 28/05/2015
Daily: Crude oil prices under pressure from a rising dollar
Crude oil prices declined nearly 3 percent on Tuesday as a stronger dollar weighted on dollar denominated crude oil futures alongside worries that a recent hike might keep U.S. producers active. Brent crude for July delivery fell $1.80, or 2.75 percent, to close at $63.72 a barrel, the weakest level since April 22 settlement. U.S. crude for July settlement eased $1.69, or 2.83 percent, to settle at $58.03, having traded as low as $57.71.
read more... 27/05/2015
Daily: European forward power price rebound, while spot decline ahead of holiday in Germany and France
Crude oil prices declined by about 2 percent on Friday, spurred by a rallying dollar at a near one-month high and by profit-taking ahead of a long U.S. holiday weekend. North Sea Brent oil decreased by $1.17, or 1.8 percent, to settle at $65.37 a barrel. Brent fell 2.1 percent on the week. WTI crude fell $1.17 or 1.7 percent, to close at $59.72. It posted a 3 cents increase for the week, prolonging weekly gains for a 10th consecutive week.
read more... 25/05/2015