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Daily: British spot gas prices plunge on supply glut
Brent crude boosted on Monday, adding over $1 to trade greater than $110 a barrel for the first time since June, while WTI crude gained about $2, as upbeat figures from China and the U.S. underlined a strong economic growth and higher demand for oil from the both countries, the two largest consumers in the world.
read more... 10/06/2014
Daily: U.S. crude oil climbs on job increase report, Brent slips as tensions in Ukraine attenuate
U.S. crude oil futures climbed on Friday after a report from the U.S. Labor Department showed a fourth straight month of job gains in May, while Brent crude registered a slight decline as tensions in Ukraine eased.
read more... 09/06/2014
Daily: British spot gas trades at the lowest level since October 2010 on weak demand, health supply
Brent crude oil futures increased, while U.S. crude oil limited losses on Thursday in a nervous trading as the euro and dollar were influenced by the European Central Bank's (ECB) decision to cut interest rates to record low levels and as investors forecasted strengthening oil demand in Europe. Brent rebounded from a three-week low and WTI crude from a two-week low reached instantly after the ECB announcement.
read more... 06/06/2014
Daily: Crude oil retreats on peace plan from Ukraine’s president
Brent and WTI crude settled lower on Wednesday on hopes for a peace plan from Ukraine’s new-elected president Petro Poroshenko aimed to end violent clashes between separatists and government forces. The plan helped to calm crude oil’s previous price rally. Brent crude for July delivery slipped 42 cents to end at $108.40 a barrel, while the equivalent crude oil contract in the U.S. fell 2 cents to close at $102.64, after rebounding as high as $103.69 immediately after the publication of U.S. oil stockpiles figures showing a decrease in crude oil stocks the previous week.
read more... 05/06/2014
Daily: Brent crude holds steady, WTI climbs on positive economic data
Brent crude held steady and U.S. crude pared earlier losses to trade higher on Tuesday, as economic data from the United States and China spurred prices which were depressed by increasing global oil production. Brent crude for July delivery dropped by 1 cent to close at $108.82 a barrel, ending above its 50-day moving average of $108.56. WTI prices for July delivery boosted 19 cents to trade at $102.66, hitting $102.86 at 5 p.m. EDT (2100 GMT) in post-settlement trading.
read more... 04/06/2014