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Daily: World crude oil prices decline on pessimistic economic and demand growth forecasts
Worldwide crude oil prices plunged on Tuesday to settle at their weakest in more than two years, dragged down by pessimistic economic and demand growth forecasts. Brent crude for November delivery dipped by 68 cents to settle at $92.11 a barrel. Brent slipped to a contract low of $91.25 on Monday before recovering in late trading. WTI crude for November delivery declined by $1.49 to $88.85, then fell further in late trade.
read more... 08/10/2014
Daily: Crude oil prices settle higher on dollar depreciation
Crude oil futures reversed the course on Monday after a strong sell-off the previous week and settled higher on the U.S. dollar depreciation. Brent crude for November delivery rose 48 cents to settle at $92.79 a barrel, after reaching a low of $91.25 a barrel intraday. The benchmark stroke $91.48 a barrel on Friday, the lowest level since June 2012. U.S. crude for November crude boosted 60 cents to close at $90.34 a barrel.
read more... 07/10/2014
Daily: World crude oil prolong months-long string of declines on U.S dollar appreciation
World crude oil prolonged months-long run of declines on Friday, with Brent hitting a new 27-month low as the dollar appreciated following optimistic U.S. employment data and further signs of robust oil supply. Brent crude for November delivery fell $1.11 to settle at $92.31, after earlier touching $91.48 a barrel, its weakest level since June 2012. WTI November crude dropped by $1.27 to settle at $89.74 a barrel.
read more... 06/10/2014
Daily: British natural gas prices sank on supply glut, high stockpiles
Brent crude oil prices plunged to a three-month low on Thursday to strike is lowest level since mid-2012, dragged down by intensifying concerns over weak demand, supply glut and signs that Saudi Arabia is in no rush to curb output. Brent crude for November delivery also closed well off the day's low, dropping 74 cents to settle lower at $93.42. It earlier slipped to $91.55, its lowest level since June 2012. U.S. crude for November delivery recovered 28 cents at $91.01 per barrel, after earlier tumbling to $88.18, its lowest intraday level since April 2013, on data showing a 1.7 million-barrel drop in Cushing stockpiles.
read more... 03/10/2014
Daily: European coal prices dip to near a five-year low pressured by strong dollar
Crude oil prices dropped toward $94 a barrel on Wednesday, prolonging a three-month losing stretch, dragged down by pessimistic economic figures from China and Europe and as plentiful global supply continued to weigh. Brent crude closed 51 cents lower at $94.16 a barrel, its weakest settlement since June 2012, after previously edging up at $96.23. U.S. crude, which on Tuesday posted its biggest one-day decline since November 2012, closed 43 cents higher at $90.73.
read more... 02/10/2014