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Daily: UK gas prices drop on milder weather
U.S. crude oil prices settled at the lowest level in more than three months on Thursday as inventories in the Cushing, Oklahoma, started to reverse a months-long drop, and as signs of progress in negotiations over Iran's nuclear program also added pressure on prices. Meanwhile, front-month December Brent crude settled $1.48 lower at $109.11 per barrel and U.S. oil closed $1.62 per barrel lower at $100.67, the lowest settlement price since July 2.
read more... 18/10/2013
Daily: Crude oil settles higher on upbeat U.S. budget deal outlook
Crude oil futures increased on Wednesday as Congress was on the way to close an 11th-hour deal to increase the government’s debt ceiling and avoid nonpayment.
read more... 17/10/2013
Daily: Brent drops below $111 on Iran’s nuclear proposals at Geneva
Brent crude decreased below $111 per barrel on Tuesday after Iran’s proposal over its nuclear programme at talks in Geneva, while the possibility of a U.S. debt deal in Washington added some support. Brent dropped 54 cents at $110.50 a barrel at 09:56 GMT, after settling down in the two previous sessions, while U.S. oil was down 58 cents at $101.83 a barrel, after closing 39 cents higher.
read more... 16/10/2013
China is officially the world’s biggest oil importer
According to US government data, China has become the largest importer of oil in the world, determined by strong economic growth and great auto sales.
read more... 15/10/2013
Daily: European prompt power soars on higher demand expectations
U.S. crude oil prices closed higher on Monday as traders purchased contracts to cover short positions ahead of a possible deal between U.S. political parties over how to fund the government. U.S. oil closed 39 cents higher at $102.41 a barrel, after trading as low as $101.06, while Brent crude futures ended 24 cents lower at $111.04, after dropping to $109.87.
read more... 15/10/2013