Energy Correspondent, London
Claire's Feed
Apr 16, 2012

Oil falls to $120 on Spanish debt, China data

April 16 (Reuters) – Oil dipped towards $120 on Monday as
renewed worries about the eurozone triggered by Spanish debt
problems and concerns about slower growth in China prompted a
pull back in investor risk appetite.

Brent crude futures were down $1.16 to $120.05 a
barrel by 1010 GMT, after earlier falling below the key $120
level and trading down to $119.59 a barrel.

Apr 11, 2012

Commods funds face Q2 dilemma as recovery stutters

LONDON, April 11 (Reuters) – Commodity managers who
performed well in the first quarter with tilts to oil and
industrial metals remain bullish going into the second quarter
but are prepared for rapid repositioning given the uncertainty
around China, Iran and strategic oil reserves.

Strong U.S. and Chinese economic data at the start of 2012
encouraged some managers to increase their exposure to
growth-sensitive commodities, but indicators have been more
mixed in April. Managers are also wrestling with how best to
position themselves given tensions with Iran over its nuclear
programme.

Apr 3, 2012

Oil trades sideways as demand fears weigh

LONDON (Reuters) – Brent crude traded sideways near $125 a barrel on Tuesday as worries about tighter supply due to delays to North Sea crude loadings and an influx of quarterly fund flows battled with negative sentiment stemming from bearish U.S. gasoline demand data.

Brent crude futures were down 8 cents to $125.35 a barrel by 1350 GMT, after settling up $2.55 on Monday at $125.43, then trading down over a dollar early in Tuesday’s session.

Apr 3, 2012

Oil slips as bearish demand data offsets supply fears

LONDON, April 3 (Reuters) – Oil slipped below $125 a barrel
on Tuesday after U.S. gasoline demand data weakened sentiment
though the prospect of tighter North Sea supplies and positive
economic data provided some support.

Brent crude futures were down 79 cents to $124.64 a
barrel by 0856 GMT, after settling up $2.55 on Monday at
$125.43.

Mar 29, 2012

Commodities shunned as investors take on more risk

LONDON (Reuters) – Commodities other than oil will fail to capture much of the renewed investment appetite for risky assets that has buoyed global markets this year until more clarity emerges about demand from top raw materials consumer China.

Investment has flowed into equities, emerging markets, high-yield debt and real estate markets in the New Year after improved U.S. economic data and an injection of cheap loans to European banks boosted sentiment, but most commodities markets got only a brief boost.

Mar 29, 2012

Analysis: Commodities shunned as investors take on more risk

LONDON (Reuters) – Commodities other than oil will fail to capture much of the renewed investment appetite for risky assets that has buoyed global markets this year until more clarity emerges about demand from top raw materials consumer China.

Investment has flowed into equities, emerging markets, high-yield debt and real estate markets in the New Year after improved U.S. economic data and an injection of cheap loans to European banks boosted sentiment, but most commodities markets got only a brief boost.

Mar 23, 2012

Brent up near $124, supply worries support

LONDON, March 23 (Reuters) – Oil rebounded towards $124 a
barrel on Friday after Thursday’s sell off as supply concerns
underpinned prices despite reassurances from the International
Energy Agency (IEA).

Brent crude was up 77 cents to $123.91 a barrel by
0907 GMT and U.S. crude futures were up 77 cents at
$106.12 a barrel.

Mar 13, 2012

Oil flat near $125 ahead of Fed meeting

LONDON (Reuters) – Crude oil traded sideways at around $125 a barrel on Tuesday after positive consumer spending data stoked a dollar rally and reduced the likelihood of further monetary stimulus from the central bank, which meets later in the day.

Brent crude was down 4 cents at $125.30 by 1346 GMT, giving up earlier gains after a 1.1 percent rise in U.S. retail sales for February reinforced the view the economy was on the right track. U.S. April crude fell 39 cents to $105.95.

Mar 13, 2012

Oil up near $126 ahead of Fed meet

LONDON, March 13 (Reuters) – Oil prices traded up near
$126 on Tuesday as investors awaited comments from the U.S.
central bank that may confirm an improving outlook for the U.S.
economy but could pour cold water on expectations for further
monetary stimulus.

Brent crude was up 51 cents to $125.85 by 0952 GMT,
after closing down on Monday for the first time in four
sessions. The April Brent contract expires on Thursday. U.S.
April crude was up 55 cents at $106.89.

Mar 7, 2012

Ashburton ups energy tilt to 48 percent in Europe fund

LONDON (Reuters) – Asset manager Ashburton has raised the energy exposure in its European equity fund to a record 48 percent, betting that the high oil price will benefit companies making big finds against a backdrop of declining production from existing oilfields.

Brent crude oil futures are currently trading at about $122 a barrel, rewarding exploration and production (E&P) companies making big discoveries and oil services companies that provide drilling rigs and vessels as day rates rise.

    • About Claire

      "At Reuters I am an energy correspondent covering the oil markets and investment trends in commodities. Prior to this I focused on the asset management industry. Before joining Reuters I edited Global Investor, a monthly magazine for the institutional investment industry, and Portfolio International, a magazine for the offshore funds industry."
      Joined Reuters:
      2006
      Languages:
      English
    • More from Claire

    • Contact Claire

    • Follow Claire