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Daily: Oil strikes the lowest level since April 2009 on U.S. oil rig figures
Global oil markets resumed their decline on Friday, with Brent and U.S. crude striking lows lastly seen in April 2009 and closing down for a seventh consecutive week. Brent crude broke below $49 a barrel but settled above the $50 support level after oil services firm Baker Hughes announced the sharpest drop in 24 years in the number of U.S. oil drilling rigs. Brent crude declined 85 cents to close at $50.11 a barrel, after slipping previously to $48.90. WTI crude fell 43 cents to settle at $48.36, having touched $47.16 earlier.
read more... 12/01/2015
Daily: U.S. crude oil prices plunge at weakest level since April 2009
Front-month Brent crude lingered around $53 a barrel, down about $3, after falling to $52.66, its lowest level since May 2009. U.S crude eased $2.65, or 5 percent, at $50.04 a barrel, its weakest settlement price since April 2009. Crude oil prices declined as fears of an oversupply that agitated the market for the past six months deepened.
read more... 06/01/2015
Daily: Crude oil prices fell after a volatile trading
Brent crude oil declined by a dollar on Friday following a day of nervous trading despite expectations of fresh investments in 2015, as strong mid-day hikes in crude oil vanished. Brent dropped 91 cents to close at $56.42 a barrel. Previously, it hit a post-2009 low of $55.48, having averaged around $110 a barrel between 2011 and 2013. U.S. crude for February delivery eased 58 cents a barrel to close at $52.69, before a constant 50-cent drop post-settlement.
read more... 05/01/2015
Daily: Brent drops towards $57 since supply glut worries prevail
Brent crude futures dropped towards $57 a barrel on Friday since an excess of oil erased earlier support drawn from a larger-than-anticipated decline in U.S. crude stocks.
read more... 02/01/2015
Daily: European spot power prices jump reflecting stronger heating demand amid cold spell
Crude oil prices dropped on Monday, dropping more than $1 a barrel, dragged down by market’s fears about supply glut and dipping to their lowest level since May 2009. Global benchmark Brent crude decreased $1.57 to close at $57.88. U.S. crude tumbled $1.12 to end at $53.61 a barrel, following Brent downward.
read more... 30/12/2014