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Daily: Oil prices start to surge on a record decline in U.S. oil drilling
Crude oil prices rebounded from six-year lows on Friday, rallying more than 8 percent, supported by a record weekly decline in U.S. oil drilling. The hike may raise speculation that a seven-month price plunge is over. Brent crude increased by 3.86 to settle at $52.99 a barrel, after shooting up to as high as $53.08, the highest level in more than three weeks. U.S. oil futures rose by $3.71 to close at $48.24, rebounding by nearly $3 in a final hour.
read more... 02/02/2015
Daily: French spot power prices fell on higher nuclear availability
Crude oil prices posted a modest increase on Thursday on preliminary U.S. data indicating weekly jobless claims at a near 15-year low, showing signs of further strength in the world’s largest economy. WTI crude rose 8 cents to close at $44.53 a barrel, rebounding from its session low of $43.58. Brent crude increased 66 cents to settle at $49.13 a barrel, off its session peak of $49.24.
read more... 30/01/2015
Daily: European coal futures plunge at near nine-year low
Crude oil prices decreased on Wednesday, with WTI crude prices dipping at near six-year lows, after the government announced record-high stockpiles in the United States that intensified worries about the global oil glut that put pressure on the market since the last summer. Benchmark Brent crude declined $1.13, or 2.3 percent, to close at $48.47, after a session low at $48.29. U.S. crude's front-month contract dropped $1.78, or almost 4 percent, to close at $44.45 a barrel.
read more... 29/01/2015
Daily: British prompt natural gas prices jump on forecasts for cold weather return
Crude oil boosted as much as 3 percent on Tuesday as the dollar depreciation spurred commodities, but prices pared their highs in the post-settlement trading on signs of another increase in U.S. stockpiles. Benchmark Brent crude rose $1.44, or 3 percent, to settle at $49.60 a barrel after jumping to just a penny short of $50. U.S. crude futures boosted $1.08, or 2.4 percent, to end at $46.23 a barrel, after a session high at $46.55.
read more... 28/01/2015
Daily: European prompt power prices diverge on stronger wind, cold temperatures
Crude oil tumbled on Monday, with WTI crude dipping at its weakest level following comments from OPEC that prices may have found a floor and could move higher soon. Global benchmark Brent dropped 1.3 percent to settle at $48.16. U.S. crude decreased by about 1 percent, ending at $45.15, the lowest price for the existing front-month contract.
read more... 27/01/2015