Correspondent, London
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Aug 2, 2013

Oil rallies to $110 on demand outlook, tighter supply

LONDON, Aug 2 (Reuters) – Brent crude oil reached a
four-month peak above $110 per barrel on Friday as strong
economic data improved the demand outlook at a time of
disruption to production in Africa and maintenance limiting
North Sea supply.

Brent futures reached a high for the day of $110.09,
their loftiest in four months, before dipping 23 cents from the
open to $109.31 by 0854 GMT.

Jul 23, 2013

Oil retreats as demand growth seen fragile

LONDON, July 23 (Reuters) – Brent crude oil fell below $108
per barrel on Tuesday as recent strong gains in prices fed into
worries about demand growth, with the global economic recovery
seen as fragile.

Brent futures lost 24 cents to $107.91 a barrel by
0833 GMT.

U.S. crude slipped 68 cents to $106.26 a barrel,
after pulling back sharply on Monday from last week’s 16-month

Jul 16, 2013

Brent oil at 3 month high, lifted by tight supply

LONDON, July 16 (Reuters) – Brent oil rose towards $110 per
barrel on Tuesday, reaching a three month high, supported by
lower inventories, firm demand and concern turmoil in Egypt
could disrupt supply.

Brent crude gained 31 cents to $109.40 a barrel by
0919 GMT. U.S. oil added 12 cents to $106.44. It touched
this year’s high of $107.45 on July 11.

Jul 12, 2013

Oil flat below $108, pressured by China growth fears

LONDON, July 12 (Reuters) – Oil held steady below $108 a
barrel on Friday, as concern about China’s demand outlook and
the prospect of growing non-OPEC supply offset lower inventories
in the United States and concern about possible disruption to
flows due to strife in Egypt.

Brent crude for August was 6 cents higher at $107.79
a barrel by 0857 GMT, after touching a low of $107.28. The
contract was nearly flat for the week after pulling back from
$108.93 on Thursday, the highest since April 3.

Jul 9, 2013

Oil slips towards $107 as supply worries ease

LONDON, July 9 (Reuters) – Brent crude oil fell to around
$107 a barrel on Tuesday, as worries about supply disruptions
from the Middle East eased, though investors were wary that
further negative headlines from Egypt could lead to more

Raising hopes that the tense situation in Egypt will not
degenerate further, interim rulers issued a faster than expected
timetable for elections to drag the country out of crisis.

Jul 2, 2013

Oil rises on supply worry, improving economy

LONDON, July 2 (Reuters) – Brent oil rose above $103 a
barrel on Tuesday, up for a second day due to concerns about
supply disruptions in the Middle East and Africa and a slightly
improved economic outlook.

Brent crude futures for August delivery rose 11
cents to $103.11 a barrel by 1000 GMT after rising 0.82 percent
the previous day. U.S. crude futures for August were up
14 cents to $98.13 per barrel after rising more than 1 percent
on Monday.

Jun 27, 2013

Oil up as fears of stimulus pull-back fade

LONDON, June 27 (Reuters) – Brent crude oil rose for a
fourth session on Thursday to above $102 a barrel, supported as
investor conviction strengthened that monetary stimulus from
major central banks would stay in place for the time being.

Brent crude for August delivery rose 44 cents to
$102.10 a barrel by 0841 GMT, after settling 40 cents higher at
$101.66 a barrel in the previous session.

Jun 19, 2013

Oil gains on lower US stockpile, all eyes on Fed

LONDON, June 19 (Reuters) – Oil prices rose slightly on
Wednesday as investors looked to a meeting of the U.S. Federal
Reserve for clues on the outlook for its stimulus programme that
has underpinned commodity prices.

Violence in the Middle East and lower oil stockpiles in the
United States supported prices.

Jun 11, 2013

Phillips 66 to sell Ireland’s sole refinery

NEW YORK/LONDON June 11 (Reuters) – Phillips 66 said
on Tuesday it is to sell Ireland’s only refinery, another blow
to Europe’s ailing oil refining industry.

An analyst said it was likely the 71,000 barrels per day
Whitegate facility in Cork would have to shut as it will be hard
to find buyers for it.

Jun 4, 2013

Weak data pushes oil below $102 per barrel

LONDON, June 4 (Reuters) – Brent crude futures slipped below
$102 a barrel on Tuesday as weak U.S. manufacturing data from
the day before stoked worries about demand growth in the world’s
biggest oil consumer.

But the data curbed speculation that the U.S. Federal
Reserve will soon rein in its monthly $85-billion bond-buying
stimulus, boosting other assets and limiting oil’s losses.

    • 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."
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