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Daily: UK natural gas prices soar on unplanned outage at Dimlington gas terminal
Crude oil prices settled higher on Tuesday, with Brent closing just above $86 a barrel after two consecutive days of losses, pushed by a weaker dollar and a rally on Wall Street. Brent increased by 20 cents at $86.03 a barrel, while U.S. crude rose 42 cents to settle at $81.42 a barrel, after hitting a more than two-year low of $79.44 on Monday. Oil rose after riding a late soaring in U.S. inventories, buoyed by encouraging corporate earnings.
read more... 29/10/2014
Daily: WTI crude recovers from a 20-month low below $80
U.S. crude prices recovered after a 20-month low below $80 per barrel on Monday as a short-covering helped to pare previous losses caused by Goldman Sachs reducing its price forecasts for Brent to $85 a barrel from $100 for the first quarter of 2015 and reduced its projection for U.S. crude to $75 from $90. U.S. crude for December delivery decreased to $79.44 per barrel, its lowest level since June 2012, before recovering to close down 1 cent on the day at $81.00 per barrel. The equivalent European benchmark, Brent for December delivery slipped to a low of $84.55 before cutting losses to settle down 30 cents on the day at $85.83 per barrel.
read more... 28/10/2014
Daily: British prompt gas prices shrink on solid supply eclipsing demand
Brent crude oil prices dropped on Friday, but posted a modest change on the week as traders took a break from months-long rout, despite of increasing worldwide supply signs and U.S. contango structure threatened sharper losses. Brent crude for December delivery closed at $86.13 per barrel, down 70 cents for the day and 3 cents below last Friday's settlement price. Meanwhile, U.S. crude oil futures, continued to decline, with contracts for December delivery dropping $1.08 at $81.01 per barrel.
read more... 27/10/2014
Daily: Brent crude posts the biggest gain since June on Saudi Arabia production cut
Brent crude oil increased by about 3 percent on Thursday, posting the largest percentage gain in a day since June 12, after an industry source said Saudi Arabia curbed production in September following the summer's decline in prices. Brent crude for December delivery boosted $2.12, or 2.5 percent, at $86.83 barrel, while U.S. crude's front-month rose by $1.57, or 2 percent, to close at $81.86, after an intraday peak at $82.37. That was the biggest percentage increase since September 16.
read more... 24/10/2014
Daily: European spot power prices rally on forecasts for a sharp fall in German wind power output
Crude oil prices dropped considerably on Wednesday, with U.S. crude nearing $80 a barrel after data showed a second sharp increase in weekly U.S. crude inventories. Brent crude for December delivery slipped $1.51 to settle at $84.71 a barrel, while WTI crude decreased by $1.97 or 2.5 percent to close at $80.52 a barrel, just above the session low of $80.28.
read more... 23/10/2014