Energy tilt boosts top performing funds in Q1
LONDON, April 8 (Reuters) – Commodities fund managers who
performed well in the first quarter via a tilt to energy are
sticking with oil futures in the second quarter but are more
cautious on industrial metals as China tries to cap growth.
The ICECapital Commodity Fund LP65011880, which topped a
Lipper performance league table of more than 100 actively
managed commodity funds, and the Swiss & Global JB Commodity
Fund LP65022859, which came seventh, are both favouring energy
and gold into the second quarter, with industrial metals seen as
more vulnerable to a correction.
Oil down $1 on firmer dollar, Libyan rebel gains
LONDON (Reuters) – Oil retreated on Monday, with both U.S. and Brent crudes down over a dollar, after Libyan rebels regained control of key oil towns and the dollar strengthened on hawkish comments from a U.S. central banker.
U.S. crude was down $1.07 to $104.33 a barrel at 1210 GMT after earlier dipping to $104.20. Brent crude for May was down $1 to $114.59 a barrel, after slipping to $114.55.
Oil slides below $115 as Libyan rebels make gains
LONDON (Reuters) – Oil retreated on Monday with Brent slipping below $115 after Libyan rebels regained control of key oil towns, and unrest over the weekend was limited to minor crude exporters Syria and Yemen.
Brent crude for May fell 82 cents to $114.77 a barrel by 0822 GMT (4:22 a.m. ET), about $5 from a 2-1/2-year high near $120 reached last month. U.S. crude shed 76 cents to $104.64.
Brent oil trades sideways at $115 on Portugal, MidEast
LONDON (Reuters) – Brent crude see-sawed on Thursday, as concerns about instability in the Middle East were offset by worries about the economic health of the eurozone following the resignation of Portugal’s prime minister.
At 1110 GMT, May Brent was down 18 cents to $115.37 a barrel after earlier trading up on the day to $115.92.
Oil up over $115 as MidEast offsets Portugal
LONDON, March 24 (Reuters) – Oil rose on Thursday, as
concerns about instability in the Middle East outweighed worries
about the economic health of the eurozone following the
resignation of Portugal’s prime minister.
May Brent LCOc1 rose 18 cents to $115.73 a barrel at 0919
GMT. U.S. crude CLc1 was up 68 cents to $105.43, supported by
a steep decline in U.S. gasoline stockpiles for the week to
March 18.
Oil rises to over $112 on Middle East unrest
LONDON (Reuters) – Oil was up over $2 on Thursday as tensions in Saudi Arabia and Bahrain fuelled fears of further supply disruption while investors weighed the impact on energy demand from quake-hit Japan.
Brent crude for May, the front-month contract after April expired on Wednesday, was up $1.96 to $112.56 a barrel at 0935 GMT. Earlier it had fallen as much as 1 percent to $109.45 but then rebounded to an intraday high of $112.65.
Oil up $2 to over $112 on MidEast unrest
LONDON (Reuters) – Oil was up over $2 on Thursday as tensions in Saudi Arabia and Bahrain fueled fears of further supply disruption while investors weighed the impact on energy demand from quake-hit Japan.
Brent crude for May, the front-month contract after April expired on Wednesday, was up $1.96 to $112.56 a barrel at 0935 GMT (5:35 a.m. ET). Earlier it had fallen as much as 1 percent to $109.45 but then rebounded to an intraday high of $112.65.
Brent hits $115 as Libya fighting intensifies
LONDON (Reuters) – Oil rose by more than $2 on Wednesday to over $115 a barrel as fighting intensified in Libya, and an OPEC delegate said the group saw no need to hold an emergency meeting to ease supply fears.
Brent crude oil futures for April were up $2.02 to $115.08 a barrel at 3:20 p.m. MT after forces loyal to Muammar Gaddafi hit storage tanks in the oil terminal of Es Sider, rebel fighters said.
Brent up near $114 as Libyan fighting intensifies
LONDON (Reuters) – Oil rose over $1 on Wednesday as fighting intensified in Libya, and an OPEC delegate said it saw no need to hold an emergency meeting to ease supply fears.
Brent had earlier pushed to an intraday high of $114.
Christopher Bellew, an oil trader at Bache Commodities in London, said the perception of prolonged trouble in Libya was driving the rally in oil prices.
Brent up at over $113 as Libyan fighting continues
LONDON (Reuters) – Oil rose over $1 on Wednesday to trade at more than $114 a barrel as fighting intensified in Libya, and an OPEC delegate said it saw no need to hold an emergency meeting to ease supply fears.
Brent crude oil futures for April were up 26 cents to $113.32 a barrel at 1140 GMT, after pushing to an intraday high of $114.39 following news that heavy fighting in Libya had forced the shut down of one of its biggest refineries.
