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Daily: Brent and U.S. crude oil futures plunge to the lowest point on oil exports resumption in Libya
Crude oil futures on both sides of Atlantic fell on Monday to the weakest point in a month as Libya lifted a force majeure from two major oil ports following rebels’ agreement to end a blockade last week. Brent crude dropped 40 cents to close at $110.24 a barrel, the lowest settlement price since June 11. Brent had rocketed to a nine-month high of $115.71 in June amid the Iraqi attack, but has since slipped over 4 percent. U.S. oil declined by 53 cents to close at $103.53 a barrel, the weakest level since June 6. It posted the seventh consecutive daily decline, the longest in U.S. oil since December 2009.
read more... 08/07/2014
Daily: Europe power prices fell alongside a decrease in EUAs
Crude oil prices plunged on Friday with European Brent sinking below $111 a barrel on expectations of stronger exports from Libya and more U.S. crude soon finding its way to refiners, but losses were capped by optimistic economic data showing a higher demand outlook.
read more... 07/07/2014
Daily: Oil crude prices plunge on oil crisis end in Libya
Both crude oil benchmark contracts dropped on Thursday as supply worries started to attenuate after Libyan government has reached a deal with rebels to end the oil crisis that has curbed exports from the OPEC member. Brent hit a session low of $110.53 before paring losses ahead of the settlement. U.S. oil slipped 42 cents to close at $104.06 a barrel, after plunging as low as $103.67 earlier in the session, posting a three-week low.
read more... 04/07/2014
Daily: UK gas for winter delivery plunges to record lows on weak demand
Crude oil dropped about $1 on Wednesday as Libyan and Iranian supply started to recover, hitting the lowest settlement in almost three weeks despite considerable draw in U.S. oil stockpiles. Brent crude fell $1.05 a barrel to close at $111.24, while U.S. light crude dropped by more than a dollar to a session low of $104.25, then rebounded to close down 86 cents at $104.48.
read more... 03/07/2014
Daily: Europe power prices diverge on higher nuclear availability in France, stronger electricity demand in Germany
Crude oil prices plunged slightly on Tuesday as worries about supply disruptions due to the clashes in Iraq and Ukraine attenuated, whereas oil prices gained some support from optimistic manufacturing data in China. Brent crude dropped by 7 cents to close at $112.29 a barrel, the weakest settlement price since June 12, while U.S. oil declined by 3 cents to end at $105.34 a barrel, also the lowest level since June 12.
read more... 02/07/2014