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Daily Energy Market Overview, Monday, November 29, 2010
Oil increased to a two-week high by $85 on Monday after the European Union endorsed a rescue package for Ireland and drafted a permanent scheme to resolve the euro zone's debt crisis. ICE Brent for January rose 97 cents to $86.55.
read more... 29/11/2010
Daily Market Update, Friday, November 26, 2010
Oil dropped on Friday on a stronger dollar due to lasting concerns about a wider debt crisis in Europe, China's inflation and tensions in Korea. By 06:56 GMT, the contract dropped 35 cents to $83.51 a barrel. January ICE Brent fell 62 cents to $85.48 a barrel.
read more... 26/11/2010
Daily Market Update, Thursday, November 18, 2010
Oil price increased on Thursday, due to less worries on Ireland's debt crisis and to a sudden decrease in crude stocks which pushed up prices. At 10:28 GMT, U.S. December crude contract increased at $81.79 per barrel, while ICE Brent climbed to $84.67 per barrel.
read more... 19/11/2010
Daily Market Update, Wednesday, November 17, 2010
Oil decreased below $82 per barrel due to renewed concerns that China might increase interest rates to fight inflation. At 10:09 GMT, U.S. crude oil futures decreased at $81.18 per barrel, while ICE Brent crude was traded at $83.57 per barrel.
read more... 18/11/2010
Daily Market Update, Tuesday, November 16, 2010
Oil dropped below $84 per barrel on Tuesday, due to a stronger dollar and to unexpected news of an increase in U.S. crude stocks. At 11:25 GMT, U.S. crude for the December delivery decreased at $83.60 per barrel, while ICE Brent for January delivery dropped to $85.76 per barrel.
read more... 17/11/2010