- June 7th, 2016
Oil Holds Near 10-Month High as U.S. Stockpiles Seen Declining
Oil traded near the highest close in more than 10 months before U.S. government data forecast to show crude stockpiles dropped for a third week, trimming a glut. ›
Oil traded near the highest close in more than 10 months before U.S. government data forecast to show crude stockpiles dropped for a third week, trimming a glut. ›
UK day-ahead power prices rose sharply on Monday as forecasts predict a steep drop in wind power generation to below 500 MW, while rising gas prices also supported the prompt, sources said. ›
UK wholesale natural gas prices rose across the board at the open Monday as a combination of a short gas system, higher oil prices, and forex movements led to bullish sentiment on the NBP hub. ›
British prompt gas prices rose on Monday as maintenance at the country’s gas pipeline system curbed supply. ›
Brent crude oil prices rose on Monday, lifted by a plunge in the dollar that could spur demand just as attacks on Nigerian oil infrastructure tighten supplies, but signs of recovering U.S. output capped gains. ›
British prompt gas prices fell on Friday morning, as imports from Norway rose, while expectations of warmer weather curbed demand. ›
European forward electricity prices on Friday rose to their highest level in 2016 in what traders described as a coal-driven upswing. ›
Brent crude held its gains near $50 a barrel as investors shrugged off OPEC’s decision to stick to its policy of unfettered output amid signs the global market is re-balancing. ›
British wholesale gas prices rose on Thursday morning in response to an undersupplied system and increased demand for gas for heating. ›
Oil prices were steady on Thursday on mixed market signals ahead of an OPEC meeting in Vienna, which analysts said was not expected to result in restrictions on crude output. ›