Energy Correspondent, London
Claire's Feed
Jul 29, 2011

Brent holds near $117; investors eye U.S. debt

LONDON, July 29 (Reuters) – Oil held around $117 on Friday
but the trend was downwards as investors and traders awaited a
resolution to the debt situation in the United States, which is
still deadlocked ahead of the Aug. 2 deadline to raise the U.S.
debt limit.

At 0825 GMT, Brent crude LCOc1 was down 32 cents to
$117.04 a barrel and U.S. crude CLc1 was down 57 cents to
$96.87 a barrel.

Jul 27, 2011

U.S. crude extends losses on stocks build

LONDON (Reuters) – U.S. oil fell over $2 on Wednesday following U.S. data showing an unexpected crude stock build and a soft economy, while partisan wrangling over the U.S. debt limit continued to unnerve investors.

The Energy Information Administration (EIA) reported a weekly build in U.S. crude stocks of 2.3 million barrels, against a consensus forecast for a 1.7 million barrel draw.

Jul 27, 2011

U.S. crude falls on debt worry, supply rise

LONDON, July 27 (Reuters) – U.S. oil fell over $2 on
Wednesday following U.S. data showing an unexpected crude stock
build and a soft economy, while partisan wrangling over the U.S.
debt limit continued to unnerve investors.

The Energy Information Administration (EIA) reported a
weekly build in U.S. crude stocks of 2.3 million barrels,
against a consensus forecast for a 1.7 million barrel draw.

Jul 22, 2011

Funds embrace commodities after Q2 exodus

LONDON (Reuters) – Investors have started switching into commodities from equities and bonds this month, reversing flows in the second quarter, in a trend that is likely to continue as long as worries over inflation and debt crises dominate financial markets.

The switch breaks months of strong positive correlation between stocks and commodities indexes as funds, boosted by liquidity from the second round of U.S. economic stimulus, flooded into all markets.

Jul 22, 2011

Brent up above $118 on Europe debt plan, IEA

LONDON (Reuters) – Oil rose above $118 on Friday, as Europe’s latest attempts to resolve the debt crisis and signs of progress on a U.S. deficit reduction deal offset weak economic data from the world’s second-largest oil consumer, China.

The International Energy Agency’s decision not to release more oil from emergency reserves was also supporting prices.

Jul 20, 2011

Analysis – Funds embrace commodities after second quarter exodus

LONDON (Reuters) – Investors have started reallocating money into commodities this month, reversing outflows in the second quarter, in a trend that is likely to continue as long as worries over inflation and debt crises dominate financial markets.

The switch breaks months of strong positive correlation between stocks and commodities indexes as funds, boosted by liquidity from the second round of U.S. economic stimulus (QE2), flooded into all markets.

Jul 20, 2011

Analysis: Funds embrace commodities after Q2 exodus

LONDON (Reuters) – Investors have started switching into commodities from equities and bonds this month, reversing flows in the second quarter, in a trend that is likely to continue as long as worries over inflation and debt crises dominate financial markets.

The switch breaks months of strong positive correlation between stocks and commodities indexes as funds, boosted by liquidity from the second round of U.S. economic stimulus, flooded into all markets.

Jul 20, 2011

Funds switch into commodities in July-EPFR Global

LONDON, July 20 (Reuters) – Investors rotated into commodity
funds in the first two weeks of July, according to data from
fund flows tracker EPFR Global, as the euro zone debt crisis
intensified and wrangling over the U.S. debt ceiling continued.

The research firm said commodity funds, including physical
commodity funds, those holding futures contracts, and those
investing in the equities of commodity companies such as miners,
attracted $1.465 billion in assets in the first two weeks of
July.

Jul 15, 2011

Oil rises on US debt fears, EU bank stress test

LONDON, July 15 (Reuters) – Oil edged higher from earlier
losses in choppy trading on Friday as the market focus shifted
to the potential for a weaker dollar amid concerns about the
U.S. budget negotiations to avert a debt default.

U.S. crude CLc1 leading the oil complex, up 92 cents at
$96.61 a barrel by 1341 GMT. Brent crude LCOc1 was up 79 cents
at $117.05 a barrel.

Jul 15, 2011

Oil rises ahaed of U.S. debt talks, EU bank stress test

LONDON, July 15 (Reuters) – Oil edged higher from earlier
losses in choppy trading on Friday as the market focus shifted
to the potential for a weaker dollar amid concerns about the
U.S. budget negotiations to avert a debt default.

U.S. crude CLc1 leading the oil complex, up 92 cents at
$96.61 a barrel by 1341 GMT. Brent crude LCOc1 was up 79 cents
at $117.05 a barrel.

    • 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
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