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Daily: Crude oil down more that 3% on stronger dollar, supply glut concerns
Crude oil declined more than 3 percent on Tuesday, with WTI crude prolonging losses for a fifth consecutive day as the dollar firmed and on news that the Unites States and top oil exporter Saudi Arabia were pumping a bigger quantity that needed. Brent crude declined by $2.25 to settle at $64.02 a barrel, while U.S. crude's front-month contract fell $2.17 to end at $57.26.
read more... 20/05/2015
Daily: European spot power prices firm on rebounding French, German demand
Crude oil decreased on Monday as a stronger dollar and worries of increasing oversupply weighted on the market after Saudi Arabia announced its highest crude exports since November 2015. Brent crude lost 54 cents to settle at $66.27, after hitting a high of $67.88. U.S. crude futures dropped 26 cents to close at $59.43 a barrel.
read more... 19/05/2015
Daily: Brent crude recovers to settle up at $66.81 a barrel
Brent crude recovered from Friday’s early low, while WTI crude declined as investors and traders argued whether the rally in oil prices over the past month and a half should persist amid tenaciously strong supplies. Brent crude have soared nearly 20% since the end of March, while US crude futures have increased by around 30%. Crude stockpiles in the United States, meanwhile, held near 80-year highs. Oil benchmark Brent rose 11 cents to settle at $66.81 a barrel. US crude closed down 19 cents to hit $59.69 a barrel, after declining more than $1 during the session amid stronger dollar that dragged down commodities denominated in the currency.
read more... 18/05/2015
Daily: Oil futures pull back on robust supply
Crude oil futures retired on Thursday as robust supply weighed on prices, while Brent’s front-month June contract headed to expiration. Expiring front-month Brent for June delivery declined 22 cents to settle at $66.59 a barrel. Brent crude for July delivery declined 57 cents to close at $66.70. WTI crude for June delivery dropped 62 cents to close at $59.88 on New York Mercantile Exchange (Nymex).
read more... 15/05/2015
Daily: European spot power prices decline on the eve of holiday in France, Germany
Crude oil prices declined after a 3 % rally o Wednesday as concerns about robust supplies have an impact on the market despite a second consecutive week of draws in U.S. crude. North Sea Brent closed at $66.81, down 5 cents. It had jumped to $68.17 earlier. WTI crude futures fell 25 cents to settle at $60.50 a barrel, after soaring to $61.85.
read more... 14/05/2015