- December 23rd, 2019
Oil eases as U.S. drilling activity picks up
Oil prices fell on Monday after an increase in U.S. drilling activity, but held near recent three-month highs on hopes for a trade deal between the United States and China. ›
Oil prices fell on Monday after an increase in U.S. drilling activity, but held near recent three-month highs on hopes for a trade deal between the United States and China. ›
British wholesale gas prices fell on Friday on warmer and windy weather, while longer-term British and continental gas prices slipped after progress in Russian-Ukrainian gas transit talks.
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Oil prices were steady close to three-month highs on Friday, heading for a third consecutive weekly rise, on the back of easing Sino-U.S. trade tensions that have weighed on demand as well as the global economic growth outlook.
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Prompt British wholesale gas prices rose on Thursday morning as lower supply from the country’s liquified natural gas (LNG)terminals combined with weaker imports from Norway, leaving the gas system undersupplied.
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Oil prices remained atop three-month peaks on Thursday, extending a robust streak that began a week ago, as thawing trade relations between the United States and China supported global markets.
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British wholesale gas prices fell on Wednesday morning as gas demand is expected to fall during the warmer weather. ›
Oil prices dropped on Wednesday after U.S. industry data showed a surprise build in crude inventories, but expectations for firmer demand next year kept losses in check. ›
British wholesale gas prices rose on Tuesday as the gas system was undersupplied due to lower deliveries from LNG terminals, while gas demand for power generation increased.
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European spot electricity contracts for day-ahead delivery rose on Tuesday, buoyed by forecasts for a fall in power generation from wind turbines and delays in nuclear reactor restarts in France, and as cold weather lifted demand.
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Oil prices climbed higher on Tuesday as investors kept the faith with hopes that a fully fledged U.S.-China trade deal is in the pipeline, set to stoke oil demand in the world’s biggest economies.
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