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Daily: Brent crude oil hits the largest two-week gain since 1998 on falling oil rigs, violence in Libya
Crude oil jumped again on Friday, with Brent posting its largest two-week gain in 17 years, on worldwide falling count for oil drilling rigs and violence in crude oil producer Libya helped further stall a selloff that started in June. Brent rose by $1.23, or 2.2 percent, on the day to settle at $57.80 a barrel. U.S. crude increased by $1.21, or 2.4 percent, to close at $51.69.
read more... 09/02/2015
Daily: Crude oil jump over 4 percent on Libya attack, China monetary easing
Crude oil futures settled up over 4 percent on Thursday as intensified violence in oil producer Libya and a monetary easing by China’s central bank that could increase oil demand provided support. Benchmark Brent crude futures increased by $2.41, or 4.5 percent, to close at $57.57 a barrel. WTI futures rose by up $2.03, or 4.2 percent, to close at $50.48.
read more... 06/02/2015
Daily: European prompt power prices tumble on prolonged cold snap
Crude oil prolonged losses on Wednesday, reversing a four-session gain after U.S. crude stockpiles soared to a record high, posting the global oversupply back into focus. U.S. crude futures eased 8.7 percent, to close at $48.45 a barrel, recording its biggest one-day percentage decline since November 28, 2014. Brent crude plunged $4 to settle at $54 a barrel, having traded as high as $59 a barrel on Tuesday.
read more... 05/02/2015
Daily: Crude oil prices up 19 percent in four day on dollar depreciation
Crude oil prices settled higher again on Tuesday as a depreciating dollar pushed up most commodities, bringing crude’s four-day increase to about 19 percent, its largest since January 2009. Benchmark Brent crude oil increased $3.16, or nearly 6 percent, to close at $57.91 a barrel. It jumped as high as $59 for the first time since end of December. WTI crude boosted $3.48, or 7 percent, to settle at $53.05, after a session peak at $54.24.
read more... 04/02/2015
Daily: British prompt natural gas prices soar on short supply, cold weather
Crude oil prices soared again on Monday, as some investors bet that a bottom had created to the seven-month long strip on the market even as others remained pessimistic. Benchmark Brent and U.S. oil futures oscillated in a range of about $4 a barrel, one of their largest in weeks, as near-term technical signals showed further gains, while fundamental figures continued to pose an impact on the market. Brent rose by $1.76, or 3.3 percent, to settle at $54.75 a barrel, fluctuating between a session peak of $55.62 and a low of $51.41. WTI crude increased $1.33, or 2.8 percent, to close at $49.36 a barrel, oscillating between $50.56 and $46.67.
read more... 03/02/2015