Correspondent, London
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Apr 30, 2013

Brent slips on bleak demand outlook, stimulus eyed

LONDON, April 30 (Reuters) – Brent oil fell towards $103 per
barrel on Tuesday, weighed by worries about the demand outlook,
though losses were capped on hopes that the U.S. Federal Reserve
and European Central Bank may do more to stimulate the global
economy.

Brent dropped 26 cents to $103.55 a barrel by 0916
GMT, after earlier touching a low of $103.41. U.S. crude was 1
cent lower at $94.49 a barrel, on track to end the month down
nearly 3 percent.

Apr 23, 2013

Oil slips below $99 as China, German PMI disappoint

LONDON, April 23 (Reuters) – Brent crude oil fell below $99
a barrel on Tuesday after weaker-than-expected manufacturing
data from China and Germany darkened the outlook for fuel
demand.

June Brent crude was down $1.51 to $98.88 a barrel
by 0829 GMT, while U.S. crude for June delivery was down
$1.27 at $87.92.

Apr 18, 2013

Oil bounces as sell-off is seen over-stretched

LONDON, April 18 (Reuters) – Brent crude oil jumped by more
than a dollar to $99 a barrel on Thursday, snapping a
six-session losing streak, with dealers saying it looked
oversold after losing 10 percent this month.

Oil earlier fell to a fresh nine-month low amid a wider
commodities rout triggered by data on Monday showing growth in
China had slowed unexpectedly in the first three months of 2013.

Mar 26, 2013

Oil gains on U.S. data, Brent premium at 8-month low

LONDON, March 26 (Reuters) – Brent oil’s premium to U.S.
crude fell to its lowest in more than eight months, lifted by
strong U.S. home sales data and as higher shale oil supply
reduced the U.S. need for imports.

U.S. single-family home prices rose in January, the biggest
annual increase in six-and-a-half years, helping bolster the
demand outlook in the world’s largest oil consumer.

Mar 26, 2013

Oil pressured by Cyprus worries

LONDON, March 26 (Reuters) – Brent oil fell slightly on
Tuesday, remaining within its range of the past two weeks, as
the effect of the Cyprus bailout faded and traders saw little
direction for the market.

Brent crude futures slipped 8 cents to $108.08 a
barrel by 0932 GMT, in the middle of its recent $107 to $109
range. U.S. crude gained 40 cents to $95.21.

Mar 15, 2013

Oil above $109 on U.S. recovery hopes, supply worries

LONDON, March 15 (Reuters) – Brent crude oil rose above $109
a barrel on Friday as strong U.S. jobs data fuelled hopes of a
better outlook for demand in the world’s top oil consumer, while
concerns over supply from the Middle East added support.

Investors took on more risk as the jobs data added to other
positive economic news, suggesting a steady recovery in the
world’s largest economy.

Feb 28, 2013

Oil rises above $112 on central bank outlook

LONDON, Feb 28 (Reuters) – Brent crude oil rose above $112 a
barrel on Thursday, supported by renewed confidence that major
central banks would keep taking steps to support the global
economy.

Brent crude for April delivery gained 19 cents to
$112.06 a barrel by 0928 GMT, after earlier rising to $112.34.
It slipped to $111.65 on Wednesday, its weakest since Jan. 22.

Feb 20, 2013

Oil steady, more Saudi supply seen

LONDON, Feb 20 (Reuters) – Oil prices were little changed on
Wednesday as the prospect of more Saudi supply offset optimism
about the global economy that has helped bolster an improved
demand outlook.

April Brent crude futures was 2 cents up at $117.54
a barrel by 1040 GMT after posting their first gain in four
sessions on Tuesday. U.S. crude added 21 cents to $96.87.
The contract expires later on Wednesday.

Feb 14, 2013

Shale oil could boost global GDP by $2.7 trln a year -PwC

LONDON, Feb 14 (Reuters) – Worldwide shale oil production
could add $2.7 trillion to the global economy annually by 2035
by slashing the price of crude by as much as $50 a barrel, PwC
said on Thursday.

Shale oil production could surge to 14 million barrels per
day, or as much as 12 percent of total oil output from around 1
percent now, as it expands from its U.S. base over the next two
decades, the world’s largest accounting firm said in a report.

Feb 13, 2013

Oil slips after IEA demand outlook cut tempers optimism

LONDON, Feb 13 (Reuters) – Oil fell slightly on Wednesday,
after the International Energy Agency (IEA) cut its demand
outlook, tempering optimism on the global economy which helped
push oil to its highest in nine months last week.

A cut in the demand outlook from the IEA of 90,000 barrels
per day saw oil retreat from the day’s high after Tuesday’s more
bullish reports from the U.S. Energy Information Administration
(EIA) and Organization of the Petroleum Exporting Countries.

    • About Simon

      "I am a senior correspondent at Reuters in London, working on the energy desk covering the oil market, both physical and futures, with a particular focus on oil products. I have been at Reuters since January 2007, and did stints on the foreign exchange and stockmarkets desk before moving to commodities. I sometimes write lifestyle pieces, and have a particular interest in food and literature."
      Joined Reuters:
      2007
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