Latest news
Daily: European prompt power price soar amid lower wind and solar output
Crude oil tumbled 2% in volatile trading on Thursday, as support from a depreciating dollar was eclipsed by speculation about possible talks the Organization of the Petroleum Exporting Countries and other oil producers to jointly cut output. Brent futures declined 1.6 percent, or 58 cents, to settle at $34.46 a barrel, after fluctuating between $34.15 and $35.84. WTI crude also ended lower, down 56 cents, or 1.7 percent, at $31.72 after swinging between $31.53 and $33.60.
read more... 05/02/2016
Daily: Oil crude soars 8% on depreciating dollar
Crude oil prices hiked 8 percent on Wednesday, snapping two days of declines, after investors took advantage of a depreciating U.S. dollar, dragged down by data showing a surprisingly increase in U.S. crude stockpiles to record highs. WTI crude posted one its biggest gains in five months, boosting $2.40, or 8 percent, to settle at $32.28. Brent futures soared $2.32, or 7.1 percent, to close at $35.04 a barrel, after increasing as high as $35.11.
read more... 04/02/2016
Oil futures rise, reversing earlier declines but oversupply weighs
Oil futures increased in late Asian trade on Wednesday after spending most of the session in negative area since U.S. crude stocks last week rose to over half-a-billion barrels and as Iran intends to boost exports from March.
read more... 03/02/2016
Weekly Review: Crude oil price rose to the peak in three weeks, hopes for output cut
Crude oil rose to their highest in three weeks on hopes for a pact among oil producers to cut output, while the US dollar slipped on bets that interest rate hikes by the Federal Reserve would be more gradual than it has suggested. Brent crude oil was still pressured by ample supplies and evidence showed that more North Sea crude will be heading out of the region in February.
read more... 01/02/2016
Oil futures rose on supply cut discussions
Global benchmark Brent crude futures increased on Friday, heading about 8 percent higher so far this week and set for a second weekly gain, stimulated by hopes of an agreement among oil-producing countries to tackle a growing oversupply.
read more... 29/01/2016