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Daily: Crude oil gains 3% on weaker dollar, OPEC forecast
Crude oil gained 3 percent on Tuesday, as a weak dollar spurred commodities labeled in the currency and OPEC raised slightly its forecast for oil demand growth. Turmoil in Yemen also encouraged prices, intensifying concerns over security of Middle East supplies. North Sea Brent rose by $1.95, or 3 percent, to settle at $66.86. U.S. crude firmed by $1.50, or 2.5 percent, to close at $60.75 a barrel.
read more... 13/05/2015
Daily: German forward electricity price up from 3 1/2 month low
Crude oil fell on Monday as the multi-week hike was spurring revitalization in already bloated U.S. shale supplies, even as the government expected less output in June from the fastest-growing fields. Brent crude futures declined by 48 cents to settle at $64.91. WTI crude futures dropped 14 cents to close at $59.25 a barrel.
read more... 12/05/2015
Daily: Brent registers the first weekly loss after series of gains on supply glut worries
Brent crude recorded its first weekly loss in a month on Friday on fresh concerns about global oversupply, while WTI crude boosted for an eight consecutive week, spurred by jobs growth figures and the first storm of the hurricane season forming. Brent crude declined by 15 cents or 0.2 percent to settle at $65.39 a barrel on Friday. It posted a 1.6 percent loss on the week. U.S. crude firmed by 45 cents, or 0.8 percent, for the session to close at $59.39 a barrel. It registered a 0.4 percent gain on the week.
read more... 11/05/2015
Daily: European power prices mixed, with German up on weak wind, French down on holiday
Crude oil receded 3 percent on Thursday as strengthening dollar slashed gains from the past two sessions. North Sea Brent crude declined $2.23, or 3.3 percent, to settle at $65.54 a barrel. Brent posted a 1.6% weekly loss. U.S. crude fell $1.99, or 3.3 percent, to close at $58.94 a barrel.
read more... 08/05/2015
Daily: British natural gas prices climb on colder weather, nuclear outage
Crude oil prices rallied to a new 2015 peak on Wednesday following the first drawdown in U.S. crude stockpiles since January and dollar depreciation. Brent crude touched a 2015 peak of $69.63 before turning negative at one point. It rose by 25 cents to settle at $67.77. U.S. crude futures jumped more than $2 to hit the year's high of $62.58 a barrel, before ending just 53 cents higher at $60.93.
read more... 07/05/2015