Brent crude prices increased on Tuesday, being supported by optimistic economic data and a weaker dollar that pushed up oil prices. Brent crude for March delivery climbed 88 cents or 0.78 percent, to settle at $114.36 a barrel, having traded from $113.07 to $114.49. Meanwhile, U.S. crude oil futures settled higher at $97.57 a barrel on Tuesday, up $1.13, backed by strong U.S. housing data which spurred the optimism about fuel demand.
read more... 30/01/2013
Brent and U.S. crude oil futures climbed on Monday in choppy trading, which were supported by optimistic durable goods data and by strong gasoline futures, which added 2 cents on Hess Corp's plans to halt a refinery in the Northeast.
read more... 29/01/2013
Front-month Brent crude oil futures settled higher on Thursday at $113.28 a barrel, up 48 cents, backed by optimistic economic data from the United States, China and euro zone.
read more... 25/01/2013
After the last week conflict in Algeria, when Islamic militants attacked a complex controlled by BP PLC, Norway's Statoil ASA and Algeria's state energy company Sonatrach, Italy could face an additional cost of almost 1 billion euro (£839m) per year for energy, because of the interruption of Algerian gas supplies.
read more... 25/01/2013
Brent crude oil futures settled higher on Wednesday on encouraging UK jobs data and after U.S. crude oil prices decreased considerably on news of an unplanned constraint on pipeline, which was expected to lessen an oil surplus in the U.S. Midwest and reduce the spread between Brent and U.S. oil prices. Meanwhile, Brent March crude climbed 38 cents, or 0.34 percent, to settle at $112.80 a barrel, having traded from $112.06 to $113.15.
read more... 24/01/2013