- July 15th, 2016
Oil Falls Amid Warnings of Retreat to $40 on Rocky Rebalance
Oil fell amid forecasts prices may slide toward $40 a barrel as consumption falters and halted supplies return. ›
Oil fell amid forecasts prices may slide toward $40 a barrel as consumption falters and halted supplies return. ›
British gas for immediate delivery fell on Thursday morning as rising Norwegian flows left the system oversupplied and the pound strengthened against the euro, while rallying oil prices supported forward contracts. ›
Oil rebounded after closing at the lowest level in two months as equity markets increased and U.S. data showed crude stockpiles slid. ›
British wholesale gas prices mostly declined on Wednesday morning due to gains in the pound against the euro, softer oil prices and on expectations of warmer weather and more regular liquefied natural gas (LNG) deliveries. ›
Oil fell from the biggest gain in three months after U.S. industry data showed the nation’s crude stockpiles increased, adding to concerns about oversupply. ›
British prompt gas prices rose on Tuesday morning as demand from the power sector increased due to lower output from the country’s wind farms. ›
Oil futures rose on Tuesday as an interruption in Iraqi crude loadings at Basra threatened to tighten supplies, but prices held close to two-month lows hit in the previous session as investors continued to slash their bullish bets. ›
Oil prices fell on Monday on signs that U.S. shale drillers have adapted to lower prices and on renewed indications of economic weakness in Asia. ›
British wholesale forward gas prices edged lower on Monday as crude oil prices weakened. ›
Prompt British natural gas prices fell on Friday as strong supplies outstripped demand. ›