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Daily: Brent recovers above the psychological $50 threshold
Crude oil prices rallied 4 percent on Wednesday, with Brent ending about the psychological $50 a barrel mark, spurred by larger-than-expected drawdown in U.S. crude stockpiles. Brent crude futures rose $2.03, or 4.2 per cent, to settle at $50.61 per barrel. It attained a near one-week high of $50.74 during the session. U.S. crude's West Texas Intermediate (WTI) futures also ended up $2.03, or 4.2 per cent, at $49.88. WTI's session peak was $50.
read more... 30/06/2016
Daily: European spot power prices decline on mild weather, firmer wind, solar supply
Crude oil prices rose over 3 percent on Tuesday, with investors buying back into the market after a two-day a two-day rout caused by Britain’s vote to quit the European Union. Brent crude futures advanced 3 percent, or $1.42, to close at $48.58 per barrel. U.S. crude climbed 3.3 percent, or $1.52, to settle at $47.85.
read more... 29/06/2016
Daily: Oil prices plunge 3 %, with Brent hitting seven-week low on Brexit unrest
Crude oil prices plunged nearly 3 percent on Monday, with Brent reaching seven-week lows, dragged down by rallying dollar and market uncertainty over Britain’s surprising vote to leave the European Union threatened to weaken oil’s rebound this year. Brent and U.S. crude have lost almost 8 percent since Thursday's settlement - the largest two-day drop in nearly five months after Brexit vote. Brent eased $1.25, or 2.6 percent, to settle at $47.16 a barrel. It dipped to a seven-week low of $46.69 during the session. WTI crude shed $1.31, or 2.8 percent, to close at $46.33.
read more... 28/06/2016
Brexit leaves ambiguous future for Europe’s carbon market
Britain's decision to exit the European Union has elevated a critical question about the future of the world’s largest carbon market and fears that it could also abandon the scheme sent prices dropping.
read more... 27/06/2016
Daily: Crude oil prices dip 5 % after Britain votes to quit EU
Crude oil ended 5 percent lower on Friday after Britain’s vote to quit the European Union triggered massive risk aversion and a hike in U.S. dollar that threatened to curb shortly a three-month-long rebound in worldwide oil markets. Brent crude closed down 4.9 percent, or $2.50, at $48.41 a barrel. It had plunged 6 percent earlier to $47.54. U.S. crude eased 5 percent, or $2.47, to settle at $47.64, its largest one-day drop since February.
read more... 27/06/2016