- July 8th, 2016
Oil Trims Weekly Drop as U.S. Production Falls Most Since 2013
Oil trimmed its biggest weekly decline in five months as investors weighed the largest drop in U.S. output since 2013 against a smaller-than-expected stockpile decline. ›
Oil trimmed its biggest weekly decline in five months as investors weighed the largest drop in U.S. output since 2013 against a smaller-than-expected stockpile decline. ›
Oil prices edged up on Thursday, supported by a report of another fall in U.S. crude inventories as well as a weaker dollar, although a glut of refined products and economic growth concerns continue to drag on markets. ›
British wholesale gas prices mostly declined on Wednesday due to expectations of improved supply and less demand from gas-fired power plants over the weekend and next week and amid a general slump in financial markets. ›
Oil traded near a one-week low as investors fled to haven assets including gold and the yen amid renewed concern the U.K.’s decision to leave the European Union will hinder global growth. ›
British wholesale gas prices declined on Tuesday morning on more injections into medium range storage facilities and continued exports to Europe. ›
Brent crude sunk below $50 a barrel as estimates showed Nigerian production rose last month following repairs to infrastructure that had been damaged by militant attacks. ›
In this edition see how the Bexit vote effected the UK energy markets with price movements becoming more and more volatile. ›
British prompt gas prices rose on Monday as demand rose due to a lower supply from Norway, a high level of exports to Europe and lower wind generation. ›
Brent crude traded near $50 a barrel as Nigerian militants claimed fresh attacks over the weekend, threatening to deepen the country’s biggest output losses in decades. ›
British prompt gas prices inched down on Friday morning due to an oversupplied system amid thin trade. ›