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Daily: Crude oil futures mixed amid lower drilling activity in the US and Yemen conflict
Crude oil futures were mixed on Friday amid declining US drilling activity and as the continuing turmoil in Yemen intensified concerns about eventual supply disruptions in the Middle East. Brent crude for June delivery increased by 43 cents, or 0.7%, to settle at $65.28 a barrel on 24 April, trading at its highest levels since December 2014. WTI crude for June delivery decreased 59 cents, or 1%, to close at $57.15 a barrel on 24 April.
read more... 27/04/2015
Daily: Crude oil prices hit the highest settlement in 2015 on Yemen concerns
Crude oil prices rallied by 3 percent on Thursday, touching 2015 highs, buoyed by continued tensions in the Middle East as well as by hopes for stimulus measures in China. The depreciation of dollar also supported oil prices. Brent crude hit its highest settlement of this year, climbing above $64 a barrel. U.K. North Sea Brent, a global benchmark for oil rose by $2.12, or 3.3 percent, to close at $64.85 a barrel. U.S. crude boosted $1.58, or 2.8 percent, to settle at $58.02 a barrel. Its session peak of $58.41 was a 2015 high.
read more... 24/04/2015
Daily: European prompt power prices mixed with German spot up on lower wind output
Crude oil prices were mixed on Wednesday with European benchmark Brent ending up on continuing unrest in Yemen, while WTI crude closed down after the release of EIA ‘s report showing stockpiles have increased much more than expected last week. Brent crude rose 65 cents to settle at $62.73 a barrel after the White House declared the situation in Yemen remained precarious and more effort is needed to be done in the region. U.S. crude slipped 45 cents to close at $56.16 a barrel.
read more... 23/04/2015
Daily: Crude oil prices settle down as military campaign in Yemen ends
Crude oil prices declined on Tuesday after Saudi Arabia unveiled the end of its military campaign in Yemen, lessening turmoil in the Middle East and traders predicted another build in U.S. crude inventories. UK North Sea Brent crude slipped $1.37, or 2.1 percent, to settle at $62.08. U.S. crude front-month May contract which expired at the close of Tuesday's session, dropped $1.12, or 2 percent, to close at $55.26 a barrel. WTI crude for June delivery eased $1.27 at $56.61.
read more... 22/04/2015
Daily: Crude oil prices rocket to 2015 high on Yemen turmoil
Crude oil prices soared to new 2015 peaks on Thursday, buoyed by news that tribal group made up of former Al Qaeda militants seized control of a major southern oil terminal in Yemen. Brent crude for June delivery boosted 66 cents to settle at $63.98 a barrel, rebounding from a $62.00 low and hitting a 2015 peak for front-month Brent of $64.95. WTI crude for May delivery climbed 32 cents to settle at $56.71, hitting a 2015 high of $57.42 after recovering from a $55.07 intraday low.
read more... 17/04/2015