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Daily: British day-ahead gas prices plunge at a three-week low on supply glut
Crude oil prices hiked on Monday, with WTI crude soaring more than 4% on signs of declining inventories, lower drilling activity that could slash future output and an increase in gasoline futures that spurred the overall petroleum complex. U.S. crude for front-month delivery rose $2, or 4.5 percent, to settle at $46.68 a barrel. The front-month in Brent boosted $1.45, or 3.1 percent, to close at $48.92.
read more... 22/09/2015
Daily: German forward power contract at a new 12-year low after Fed decision
Crude oil prices fell on Friday, with WTI losing 5%, after a selloff in Wall Street equities counterbalanced the optimistic impact of a third weekly decline in the U.S. oil rig count. The dollar appreciation worries that OPEC oil production will not be slashed and reduced political tensions in the Middle East from U.S.-Russia negotiations on Syria also weighed on oil. U.S. crude futures for front-month delivery settled down $2.22, or 4.8 percent, at $44.68 a barrel. The front-month in Brent decreased by $1.61, or 3.3 percent, to settle at $47.47.
read more... 21/09/2015
Daily: Crude oil declines in volatile trade on Fed’s decision to leave rate unchanged
Crude oil prices declined worldwide on Thursday, resuming their fall after a short hike following the Federal Reserve’s decision not to increase its interest rate in September. Brent crude for November delivery lost 67 cents to settle at $49.08 a barrel. U.S. October crude dropped 25 cents to close at $46.90 a barrel. Brent's premium to U.S crude withdrew, and settled at $1.88 a barrel.
read more... 18/09/2015
Daily: Crude oil up by around 6% on Fed speculation, large drawdown at Oklahoma
Crude oil prices boosted as much as 6 percent on Wednesday, buoyed by the largest U.S. crude drawdown in seven months at the key delivery point in Cushing, Oklahoma, triggering a new wave of market volatility.
read more... 17/09/2015
Daily: U.S. crude posts a 3% hike spurred by gains on Wall Street
WTI crude oil boosted by around 3 percent on Tuesday, spurred by gains on Wall Street, higher gasoline prices and a robust inventory draw report, while Brent increased modestly. U.S. crude's front-month rose by 59 cents, or 1.3 percent, to settle at $44.59 a barrel. In post-settlement trade, it climbed as much as $1.25, or 2.8 percent, to $45.25 a barrel by 4:50 p.m. EDT (2050 GMT), as a reaction to the API stockpiles report. London-traded Brent crude edged 26 cents higher at $46.63 a barrel as the October contract expired.
read more... 16/09/2015