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Daily: Crude oil prices plunge on supply glut, on higher interest rate expectations
Brent crude dipped to nearly seven-year low and WTI crude plunged under $40 a barrel on Wednesday, after the U.S. government unveiled a 10th consecutive weekly hike in crude supplies and on expectations from a higher interest-rate by the central bank later this month. Brent crude declined by $1.95, or 4.4%, to settle at $42.49 a barrel on London’s ICE Futures exchange, the lowest settlement since March 2009. WTI crude for January delivery eased $1.91, or 4.6%, to close at $39.94 a barrel on the New York Mercantile Exchange.
read more... 03/12/2015
Daily: Brent declines at $44.44/bbl on OPEC concerns
Brent crude futures ended lower on Tuesday on expectations that OPEC will not reduce output, continuing to pumping crude at record levels to defend market share against non-member oil producers such as the United States and Russia. Brent crude declined 17 cents, or 0.4 percent, to settle at $44.44 a barrel. U.S. crude's WTI futures boosted 20 cents to close at $41.85.
read more... 02/12/2015
Daily: European prompt power rebound as German wind output is expected to halve
Crude oil declined on Monday, reversing a previous hike following the release of a survey which estimated higher OPEC production in November, while a stronger dollar dragged down the demand for commodities denominated in the currency. Brent crude futures eased 25 cents, or 0.6 percent, to settle at $44.61 a barrel. WTI futures fell 6 cents to close at $41.65, down from a session high at $42.61.
read more... 01/12/2015
Daily: Crude oil prices settle lower in light volume
Crude oil prices closed lower in light-volume in New York on Friday as the dollar rocketed to an eight-month high and a decline in Chinese equities added pressure to an oversupplied market. WTI settled down $1.33 at $41.71 a barrel, trading just over 280,000 lots after Thursday's Thanksgiving holiday. Benchmark Brent oil ended the session down 60 cents, or more than 1%, to settle at $44.86.
read more... 30/11/2015
Daily: Crude oil prices fell on continuous oversupply
Crude oil prices declined on Thursday after six days of gains, as worries that intensifying tension in the Middle East could disrupt supply vanished and the focus returned to continuous oversupply. Brent crude fell 71 cents to settle at $45.46 a barrel, having earlier decreased more than $1 to a session low of $45.00 a barrel. WTI futures eased 53 cents lower at $42.51 per barrel at 19:57 GMT, after boosting to $43.30 earlier in the session.
read more... 27/11/2015