Energy Correspondent, London
Claire's Feed
Apr 8, 2011

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.

Mar 28, 2011

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.

Mar 28, 2011

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.

Mar 24, 2011

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.

Mar 24, 2011

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.

Mar 17, 2011

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.

Mar 17, 2011

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.

Mar 9, 2011

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.

Mar 9, 2011

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.

Mar 9, 2011

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.

    • 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."
      Hometown:
      London
      Joined Reuters:
      2006
      Languages:
      English
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