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Daily: European spot prices recover as German wind storms faded
Crude oil boosted as much as 5 percent on Wednesday, breaking a three-session losing streak, as U.S. crude oil production declined for the first time in two months and the government unveiled a smaller- than- expected increase in weekly inventories. Futures of North Sea Brent increased by $1.99, or 3.6 percent, to settle at $57.10. WTI crude futures rose $2.49, or 5.2 percent, to close at $50.09 a barrel.
read more... 02/04/2015
Daily: Crude oil declines for a third consecutive session on Iran nuclear negotiations
Crude oil declined for a third consecutive session on Tuesday, with Brent crude posting a 12 percent loss for the month, as world powers started to negotiate intensively a nuclear deal with Iran that could bring an additional 1 million barrels per day back online in the coming months. Brent oil dropped $1.18, or 2.1 percent, to settle at $55.11 a barrel, after decreasing to $54.72 during the session. WTI crude decreased $1.08, or 2.2 percent to close at $47.60, off its earlier low at $47.28.
read more... 01/04/2015
Daily: British prompt gas prices decline on stronger flows, a supply glut in the system
Crude oil closed down for a second consecutive session on Monday as Iran and six world powers accelerated the pace of negotiations to reach a nuclear deal with Tehran that could ease Western sanctions and allow OPEC member to carry crude into an already flooded market. Benchmark Brent oil declined 12 cents to settle at $56.29 a barrel, after slipping $1.21 earlier. WTI crude dropped 19 cents to settle at $48.68, having fallen by $1.26 earlier.
read more... 31/03/2015
Daily: Oil prices plunge 5 % as investors turn their attention to talks for a potential Iran nuclear deal
Crude oil prices declined 5 percent on Friday, wiping out the previous session’s gains, since it was less probable that Yemen’s conflict will cut Middle East crude shipments and investors turned their attention to talks for a potential Iran nuclear deal that could add supply on the market. Benchmark Brent and U.S. crude oil traded most of the session in a tight range, down about 2 percent, but they dropped considerably in late trading. Brent declined by $2.78 to settle at $56.41 a barrel. WTI crude slipped $2.56 to close at $48.87.
read more... 30/03/2015
Daily: Crude oil prices rebound by 5 % on air strikes in Yemen
Crude oil prices boosted by about 5 percent on Thursday, the largest daily gain in a month as air strikes in Yemen triggered by Saudi Arabia and its Gulf Arab allies fueled fears that escalation of the Middle East conflict could disrupt world crude supplies. Brent crude soared $2.71, or 4.8 percent, to settle at $59.19 a barrel. WTI crude increased $2.22, or 4.5 percent, to close at $51.43, approaching 2015 highs.
read more... 27/03/2015