- November 24th, 2017
U.S. oil prices rise to two-year high on Keystone pipeline outage
U.S. crude oil rose to a two-year high on Friday, as the shutdown of a major crude pipeline from Canada to the United States tightened North American markets. ›
U.S. crude oil rose to a two-year high on Friday, as the shutdown of a major crude pipeline from Canada to the United States tightened North American markets. ›
British prompt gas prices rose on Thursday as colder weather forecast from Friday lifted demand. ›
Oil prices eased on Thursday, with U.S. crude falling away from two-year highs reached the day before, but the shutdown of the Keystone pipeline and a drawdown in fuel inventories continued to bolster markets despite worries over rising output. ›
Europe’s wholesale power market on Wednesday focused on delivery contracts for next week, which gained sharply on tighter nuclear supply expectations and rising demand in the interconnected region. ›
British prompt gas prices rose on Wednesday, lifted by higher heating and residential demand forecasts as well as outages limiting supply. ›
European spot power prices fell on Wednesday on forecasts for higher green power and thermal generation supply while those for next week rose sharply on nuclear supply news. ›
Oil prices jumped by 1 to 2 percent on Wednesday as ongoing cuts of piped Canadian crude to the United States added to falling U.S. crude inventories, while expectations of a prolonged OPEC-led production cut also offered support. ›
British day-ahead gas prices and the December contract rose on Tuesday, driven by domestic outages which curbed supply, though warm weather kept demand low causing the within-day price to fall, traders said. ›
European spot electricity prices for day-ahead delivery plunged on Tuesday as forecasts showed a sharp rise in power production from wind turbines and a decline in consumption due to mild weather. ›
Oil prices were higher on Tuesday as traders looked ahead to a meeting next week at which major crude exporters are expected to extend production cuts. ›