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Daily: Crude oil settled up on worries about Iran, geopolitical risks in Yemen
Crude oil futures boosted on Monday, but settled well below intraday highs, spurred by worries about Iran and geopolitical risks in Yemen, while global oversupply continued to slash gains. Brent crude for May jumped 6 cents to close at $57.93 a barrel, having oscillated between $57.46 and $59.54. U.S. crude boosted 27 cents to settle at $51.91, away of its $53.10 peak just below its 100-day moving average at $53.18. It was last above that key technical level in July 2014.
read more... 14/04/2015
Daily: British spot gas prices soar on supply shortfalls from Norway
Crude oil prices boosted on Thursday on optimistic German economic figures and continued uncertainty about an agreement on Iran’s nuclear program, despite a stronger dollar which slashed crude oil’s hike. Brent crude for May delivery increased by $1.02 to settle at $56.57 a barrel, having hit $58.02. U.S. crude for May delivery rebounded 37 cents to close at $50.79, after reaching $52.07. WTI crude's Tuesday close traded near $54, the highest level December 30.
read more... 10/04/2015
Daily: Crude oil prices plunge 6 percent on a record increase in U.S. stockpiles
Crude oil prices plunged 6 percent on Wednesday after rallying at the highest level this year, as a considerable jump in U.S. crude inventories and a record of crude oil production in Saudi Arabia swept away any speculation of sustained recovery. U.S. crude oil stockpiles rocketed 10.95 million barrels - three times more than expected - to a daily record of 482.39 million last week, according to U.S. government data, the largest one-week increase since 2001. WTI crude for May delivery slipped $3.56, or 6.6 percent, to close at $50.42 after ending at nearly $54 a barrel on Tuesday, the highest close since December 30. Brent crude for May delivery slipped $3.55, or 6 percent, to settle at $55.55 a barrel.
read more... 09/04/2015
Daily: European power prices rebound on recovering demand after the Easter holiday
Crude oil futures soared on Tuesday and U.S. crude jumped close to 2015 highs on optimistic jobs data and government predictions for weaker U.S. crude production growth and stronger demand for oil. The price of U.S. crude oil for May delivery boosted 3.5% to settle $53.98 a barrel, approaching the highest level in 2015 at $55.11 hit on January 2. Brent crude for May delivery on London’s ICE Futures exchange soared 98 cents to settle at $59.10, having fluctuated from $57.02 to $59.27, the highest level since March 26.
read more... 08/04/2015
Daily: Crude oil prices down near 4% amid speculations on ongoing talks over Tehran nuclear program
Brent crude oil declined nearly 4 percent on Thursday on speculations that a preliminary deal between Iran and global powers on Tehran’s nuclear program could be signed, adding more crude to an already oversupplied global market. North Sea Brent crude futures decreased $2.15, or 3.8 percent, to settle at $54.95 a barrel, almost $1 above the session low. WTI crude futures declined 95 cents, or 2 percent, to close at $49.14 a barrel, after slipping nearly $2 earlier.
read more... 03/04/2015