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Daily: European spot power prices drop on weaker demand, higher German solar power output
Crude oil prices traded higher on Thursday in light trading even if political worries eased and the supply outlook improved, as traders sought bargains after considerable losses earlier this month. Brent oil rose 89 cents to $109.21 a barrel, while U.S. crude futures boosted 37 cents to $103.03 a barrel, its first day of gains following five consecutive sessions of losses.
read more... 27/09/2013
Daily: Crude oil prices drop on Iran’s nuclear negotiations hopes
Crude oil prices slipped in choppy trading on Wednesday after a report showing that the Iranian foreign minister will start negotiations over Tehran's nuclear program, reviving hopes.
read more... 26/09/2013
Daily: European coal prices increase to the highest level since May
Crude oil prices declined on both sides of the Atlantic, down more than $1 per barrel on Monday, despite bullish economic data from China and Europe, as higher crude production from Iraq and a possible lessening in U.S.-Iran relations increased the supply panorama. Brent crude for November delivery eased $1.06 to settle at $108.16 per barrel, after hitting a session low of $107.76. Meanwhile, U.S. crude for November declined $1.16 to $103.59 a barrel. Brent's premium over U.S. crude settled at $4.57, little changed from Friday's close of $4.55.
read more... 24/09/2013
French Total to quit Shtokman gas project
French oil giant Total is envisaging selling its 25 percent stake in the Shtokman Development AG to Russian energy major Gazprom, becoming the last partner to exit from the gas project in the Barents Sea.
read more... 24/09/2013
Daily: Brent crude climbs, while U.S. oil declines on heavy spread trading
Brent crude oil climbed on Friday, while U.S. crude dropped as traders took profits on the spread between two contracts. Brent crude for November delivery traded 46 cents higher to settle at $109.22, while U.S. crude for October, which expired on Friday, declined $1.72 to close at $104.67. The spread between the October and November contracts narrowed nearly 70 cents on the day, ending with the November contract maintaining a 15 cent premium to the nearby month.
read more... 23/09/2013