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Daily (15.06.2017): Oil prices dropped by more than 3.5% on Wednesday
Oil fell again on Wednesday, on negative assessments from the IEA and OPEC regarding the health of the oil market. The IEA mentioned that inventory overhang might last longer than expected, while OPEC admitted in the monthly report that the oil market was adjusting “slower-than-expected”.
read more... 15/06/2017
Daily (02.06.2017): British wholesale gas prices fell on Thursday, on lower demand
Oil prices increased on Thursday after a larger-than-expected domestic inventory drawdown, offering some relief amid investor uncertainty that OPEC-led reductions will be sufficient to rebalance an oversupplied market. Brent crude rose by 32 cents, or 0.64%, to settle at $50.63. Meanwhile, U.S. crude futures closed cents higher at $48.36 a barrel.
read more... 02/06/2017
Daily (24.04.2017): U.S. crude settled below $50 for first time in 2 weeks
Oil prices fell over 2 percent on Friday, marking the biggest weekly drop in over a month on rising proof that U.S. production and inventory growth were counterbalancing OPEC's efforts to limit the global crude glut. Brent futures settled down $1.03, or 2%, at $51.96 a barrel. U.S. crude futures ended the session down 2.2 %, or $1.09 at $49.62 a barrel.
read more... 24/04/2017
Daily: Oil retreats on downbeat U.S. inventory report, doubts over OPEC cut
Crude oil prices tumbled on Wednesday on pessimistic U.S. petroleum inventory figures and doubts that output curtailing envisaged by OPEC and Russia would be sufficient to put a cap on oversupply that has put pressure on oil market for more than two years. Brent futures eased 93 cents, or 1.7 percent, to settle at $53.00 a barrel, while U.S. crude fell by $1.16, or 2.3 percent, to close at $49.77.
read more... 08/12/2016
Daily: British spot gas prices increase on falling temperatures
Crude oil prices closed lower on Tuesday, then declined again after hours as the American Petroleum Institute (API) reported that U.S. crude inventory swelled nine times than forecasted. U.S. West Texas Intermediate (WTI) crude lost 19 cents to settle at $46.67. During the session, it fell as low as $46.20, its lowest level since September 28. After the API report, it tumbled to $46.27. Brent crude reached a one-month low at $47.72 before ending down 47 cents at $48.14. In post-settlement trade, it declined to $47.86.
read more... 02/11/2016