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Daily: Crude oil prices increase in a nervous trading
Crude oil prices increased in an agitating trade on Thursday after two days of losses following data indicating a fourth weekly drawdown in U.S. crude stockpiles. Brent crude closed at $62.58, up 52 cents, or nearly 1 percent, after a six-week low at $61.24. It posted an 84 cents increase in post-settlement trade. U.S. crude rose by 17 cents, or 0.3 percent, to settle at $57.68 a barrel, after plummeting to a one-month low of $56.51. It boosted by 43 cents at $57.94 a barrel in post-settlement trade.
read more... 29/05/2015
Daily: British gas prices diverge on supply glut, colder temperatures forecasts
Crude oil prices decreased by up to 3 percent for a second consecutive day on Wednesday as a strengthening dollar weighted on the market amid worries that U.S. crude supplies may have begun increasing again after three weeks of declines. Brent crude fell $1.66, or 2.6 percent, to settle at $62.06 a barrel. U.S. crude closed at $57.71, down 52 cents, or 1 percent.
read more... 28/05/2015
Daily: Crude oil prices under pressure from a rising dollar
Crude oil prices declined nearly 3 percent on Tuesday as a stronger dollar weighted on dollar denominated crude oil futures alongside worries that a recent hike might keep U.S. producers active. Brent crude for July delivery fell $1.80, or 2.75 percent, to close at $63.72 a barrel, the weakest level since April 22 settlement. U.S. crude for July settlement eased $1.69, or 2.83 percent, to settle at $58.03, having traded as low as $57.71.
read more... 27/05/2015
Daily: Crude oil prices gain ground amid concerns over Middle East turmoil
Crude oil prices rebounded on Monday as a robust global demand compensated a strong dollar, although a holiday in the United States and much countries of Europe reduced the trading activity. Crude oil was also spurred by signs that U.S. supply is easing and by fresh worries that violence in the Middle East will aggravate. U.S. crude stockpiles have declined for three consecutive weeks after having rallied to record highs last month.
read more... 26/05/2015
Daily: European forward power price rebound, while spot decline ahead of holiday in Germany and France
Crude oil prices declined by about 2 percent on Friday, spurred by a rallying dollar at a near one-month high and by profit-taking ahead of a long U.S. holiday weekend. North Sea Brent oil decreased by $1.17, or 1.8 percent, to settle at $65.37 a barrel. Brent fell 2.1 percent on the week. WTI crude fell $1.17 or 1.7 percent, to close at $59.72. It posted a 3 cents increase for the week, prolonging weekly gains for a 10th consecutive week.
read more... 25/05/2015