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Daily: Crude oil retreats as focus moves from U.S. elections to crude oversupply, OPEC meeting
Crude oil prices declined over 1 percent on Thursday as the markets digested the shock over U.S. President-elect Donald Trump's victory and focused on supply glut concerns. Brent crude lost 54 cents, or 1.1 percent, to settle at $45.84 a barrel. U.S. West Texas Intermediate crude fell 61 cents, or 1.4 percent to end at $44.66. The Organization of the Petroleum Exporting Countries (OPEC) meets in Vienna on November 30 for talks on output reduction.
read more... 11/11/2016
Daily: Crude oil rebounds after Trump surprise victory for U.S. presidency
Crude oil prices climbed on Wednesday following a rebound of stockpiles and as dollar recovered from a considerable early decline after Donald Trump’s unexpected victory in the U.S. presidential election. Brent futures rose by 32 cents, or 0.7 percent, to settle at $46.36 a barrel, while U.S. crude boosted 29 cents, or 0.6percent, to close at $45.27 per barrel.
read more... 10/11/2016
Daily: European spot electricity prices retreat from recent highs on firmer wind supply, lower demand
Crude oil prices did not change significantly on Tuesday, paring earlier gains in line with U.S. stock markets as voters head to the polls to elect the next president of the United States. Brent crude lost 11 cents or 0.24 percent to settle at $ 46.04 per barrel. WTI crude rose by 0.09 cents or 0.20 percent to end at $44.98 per barrel.
read more... 09/11/2016
Daily: US crude increased by 1.9% to settle at $44.89, snaps 6-day losing streak as market rallies
Oil prices rose on Monday, encouraged by a rebound in other asset classes after news that U.S. presidential candidate Hillary Clinton will not face charges over her emails, but gains were limited by an increasing dollar and doubts over OPEC's planned output cuts. U.S. West Texas Intermediate (WTI) crude augmented by 82 cents, or 1.9 percent, to settle at $44.89 a barrel for its first positive settle in seven sessions. Brent crude closed the session at $46.15 per barrel, having increased by 57 cents, or 1.25 percent, from the previous close.
read more... 08/11/2016
Daily: Oil prices tumble on Saudi Arabia, Iran dispute
Crude oil futures tumbled on Friday, posting their largest weekly percentage decline since January of about 9 percent, as old disputes between Saudi Arabia and Iran sparked at a OPEC meeting last week. Saudi Arabia stated that it could steeply increase oil output to reduce prices if Tehran refuses to curb supply. Both benchmarks closed at their lowest levels since September, with Brent losing 77 cents, or 1.7 percent, to end at $45.58 a barrel, and U.S. crude declined 59 cents, or 1.3 percent, to close at $44.07.
read more... 07/11/2016