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Daily: British natural gas prices soar as robust demand surpasses supply
Crude oil prices dropped for a third consecutive day on Wednesday, as early rise was curbed by talks of an eventual OPEC output reduction and after the Federal Reserve unveiled minutes of previous month’s policy meeting, voicing its concerns that U.S. inflation could remain below target for "quite some time." Benchmark Brent crude oil declined 37 cents to settle at $78.10 a barrel, after gaining as much as 98 cents during the session. U.S. crude fell 3 cents to close at $74.61, after a session high at $75.40.
read more... 20/11/2014
Daily: European forward power prices rally at 2-month high on increasing carbon, coal prices
Crude oil dropped for a second consecutive day on Tuesday since traders looked beyond price defense attempts by Russia and Venezuela and toward Saudi Arabia and OPEC for fresh leads on whether the group might cut production at its meeting on November 27. Benchmark Brent crude slipped 84 cents to close at $78.47 a barrel, while front-month U.S. crude close down $1.03 at $74.61.
read more... 19/11/2014
Daily: Crude oil declines as Japan falls into recession
Crude oil prices declined on Monday following the news that Japan, the world's fourth-biggest crude importer, had slipped into recession. Brent crude fell 10 cents to close at $78.31 a barrel, after declining as low as $77.94 earlier in the session, while WTI crude for December delivery dropped 18 cents to settle at $75.64 a barrel.
read more... 18/11/2014
Daily: European power prices jump on colder weather forecasts, weak renewable supply
Brent crude boosted almost $2 a barrel on Friday for its sharpest daily gain in three weeks as a support came a day after prices plunged to four-year lows below $80. Brent's new front-month contract, for January delivery, settled at $79.41 from Thursday's $77.49. U.S. crude's front-month increased by $1.61 to close at $75.82 a barrel, after a four-year low at $73.25 and session high of $76.30.
read more... 17/11/2014
Daily: Crude oil dips to four-year low on inventory surge in the U.S.
Crude oil prices declined more than 3 percent to four-year lows on Thursday, with Brent plunging below $80 a barrel, after an inventory hike at the delivery point for U.S. crude agitated traders already preoccupied about an oil glut. Brent fell $2.46, or 3.1 percent, to settle at $77.92 a barrel, after hitting a September 2010 low of $77.83. WTI crude closed down $2.97, or 3.9 percent, at $74.21.
read more... 14/11/2014