Energy Correspondent, London
Claire's Feed
Dec 15, 2011

Investors’ cash grab shreds gold’s safe-haven status

LONDON (Reuters) – Investors’ dash for cash has overwhelmed gold’s traditional status as a haven from risk, putting the metal on course for its first quarterly fall since end-September 2008, when the global credit crunch was at its worst.

Investors said gold could continue its slide through to the end of 2011 as they liquidate positions in a scramble for dollars at the end of a difficult year, with the euro zone debt crisis causing money markets to seize up.

Dec 14, 2011

Oil plunges on economy, OPEC worries

LONDON (Reuters) – Oil fell $4 on Wednesday amid a deepening euro zone crisis, failed expectations of a new stimulus for the U.S. economy and concerns that oil producing group OPEC may struggle to quickly cut production after formally agreeing a high output ceiling.

Oil together with other commodities suffered from a stronger dollar .DXY as investors diverted money into the greenback to avert risk while the Reuters-Jefferies commodities index .CBR was down by over 2 percent, the lowest since early October and the sharpest drop since mid-November.

Dec 8, 2011
Dec 8, 2011
Dec 8, 2011
Dec 5, 2011

Energy E&P spending to reach record high

LONDON (Reuters) – High oil prices will help push 2012 global energy exploration and production (E&P) spending to a record high of $598 billion, but the rate of growth will slow from a year ago in part due to wariness about continued economic uncertainty, Barclays Capital said on Monday.

The $598 million is up 10 percent from $544 billion this year, analysts at Barclays found after surveying 350 oil and gas companies.

Dec 5, 2011

Oil up near $111 on Iran supply risk concerns

LONDON (Reuters) – Oil prices rose on Monday with Brent crude futures up near $111, extending gains from last week as rising tensions between Iran and the West increased the risk of disruption to crude shipments by the world’s fifth-largest oil exporter.

Iran warned the West on Sunday that any move to block its oil exports would more than double crude prices with devastating consequences for a fragile global economy.

Nov 24, 2011

Oil up above $107 on stock draws, Iran

LONDON (Reuters) – Oil crude futures rose above $107 on Thursday, helped by bigger-than-expected stock draws in the United States and tensions around Iran, while stronger German data offset some of the negative sentiment generated by Wednesday’s poor bond auction.

Brent crude oil futures were up 68 cents to $107.70 a barrel by 1100 GMT. U.S. crude was up 40 cents at $96.57 a barrel. Trading volume is expected to be thin Thursday as the U.S. market is closed for the Thanksgiving holiday.

Nov 18, 2011

Brent up above $109, downside risks remain

LONDON (Reuters) – Brent crude oil rose a dollar to over $109 a barrel on Friday, helped by a weaker dollar, after posting steep losses in the previous session, but analysts and traders said the risk remained to the downside given the economic weakness in Europe.

Brent crude was up $1.207 at $109.44 a barrel by 1015 GMT, after closing down $3.66 in the previous session. U.S. crude oil futures were up 72 cents to $99.54.

Nov 17, 2011

Analysis – Short-term view may be only winner in Brent-U.S. play

LONDON (Reuters) – The hottest oil spread of the year, Brent versus U.S. crude, is bracing for months of volatility as investors put polar bets on the outlook for the U.S. and European oil markets and use the trade as a proxy for short-term speculation on the regions’ economies.

The premium for ICE Brent futures over NYMEX U.S. crude, also known as WTI, narrowed to an eight-month low on Thursday. The spread reached a low of $7.89 per barrel, from a record of more than $28 in mid-October. It moved back to around $9.25 by 4:45 p.m.

    • 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:
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