Correspondent, London
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Jan 17, 2013

Oil up after Algeria attack, spare capacity caps gains

LONDON, Jan 17 (Reuters) – Brent oil futures rose above $110
per barrel on Thursday after Islamist militants attacked an
Algerian gas field and took Western hostages, although concerns
about a weak global economic outlook kept gains in check.

Brent added 32 cents to $110.00 a barrel by 1049
GMT. The February contract, which expired on Wednesday, settled
31 cents higher, while the March contract finished 5 cents up.
U.S. oil rose 23 cents to $94.47.

Jan 16, 2013

Brent up slightly, economy worries cap gains

LONDON, Jan 16 (Reuters) – Brent crude oil rose towards $111
a barrel on Wednesday after robust U.S. retail sales figures
boosted hopes for stronger demand in the world’s top oil
consumer, while oil inventories there rose much less than

Cold weather in Europe and the United States also supported
prices, but gains were limited as weak European data pushed down
other risk-sensitive assets such as equities.

Jan 9, 2013

Oil slips as strong supply offsets economic optimism

LONDON, Jan 9 (Reuters) – Brent crude oil stayed below $112
per barrel on Wednesday, as a slightly more optimistic outlook
for the global economy was offset by lingering concerns about
Europe and increasing supply from the United States.

Front-month Brent futures shed 11 cents to $111.83
per barrel at 0932 GMT, after adding 54 cents on Tuesday. U.S.
crude was trading down 10 cents at $93.05 per barrel.

Dec 19, 2012

Oil rises above $109 on hopes of US budget solution

LONDON, Dec 19 (Reuters) – Brent oil rose above $109 a
barrel on Wednesday on expectations that a budget crisis in the
United States will be resolved, which would save the world’s top
oil consumer from slipping into recession.

World shares rose to 17-month highs, and the euro gained on
growing investor confidence that a U.S. pact on spending and
taxes will be reached before a year-end deadline.

Dec 12, 2012

Deutsche commodities head to leave, power desk hit hard

LONDON, Dec 12 (Reuters) – Deutsche Bank will
make steep staff cuts at its U.S. and European power and gas
trading desks, with the departures of dozens of traders and its
global head of commodities, David Silbert.

Several sources close to the situation said on Wednesday
the bank was shrinking the workforce as part of an earlier
announced plan to chop 1,500 positions in corporate banking to
save billions of euros amid a profit slump due to the euro zone

Dec 5, 2012

Brent rises above $110 on China growth hopes

LONDON Dec 5 (Reuters) – Brent crude oil rose above $110 a
barrel on Wednesday after two sessions of losses, as investors
switched their focus from fears of a U.S. fiscal crisis to hopes
that growth in top energy consumer China will pick up sooner
than expected.

Front-month Brent futures traded 48 cents higher at
$110.32 by 0928 GMT, after losing nearly 1 percent in the
previous session. U.S. crude added 42 cents to $88.92.

Nov 29, 2012

Oil up on US budget optimism, Middle East tension

LONDON, Nov 29 (Reuters) – Crude oil rose on Thursday on
optimism that U.S. lawmakers would reach a deal on fiscal policy
and as mounting tension in the Middle East intensified supply

Brent crude was up 73 cents at $110.24 a barrel by
0937 GMT while U.S. crude gained 70 cents to $87.19 a
barrel, following losses in the previous session.

Nov 28, 2012

Oil slides to one-week low on fears of US budget crisis

LONDON (Reuters) – Brent crude oil futures fell to their lowest in more than a week on Wednesday on fears of a looming budget crisis in the United States, the world’s top oil consumer.

Brent crude fell $1.15 to $108.72 per barrel by 1412 GMT. U.S. crude shed $1.56 to trade at $85.62 per barrel.

Nov 28, 2012

Oil slips on fears of US fiscal crisis

LONDON, Nov 28 (Reuters) – Brent crude oil futures fell on
Wednesday on fears of a looming budget crisis in the United
States, the world’s top oil consumer.

Brent crude fell 29 cents to $109.58 per barrel by
0940 GMT, after dropping to $109.31 on Tuesday – its lowest
since Nov. 20. U.S. crude shed 27 cents to trade at
$86.91 per barrel.

Nov 21, 2012

Oil gains more than $1 after Tel Aviv bus explosion

LONDON (Reuters) – Brent crude oil rose by more than $1 per barrel on Wednesday after an explosion on a Tel Aviv bus intensified concerns that the clashes between Gaza and Israel could lead to a wider regional conflict that would disrupt oil flows.

Brent crude futures were up $1.08 at $110.91 a barrel by 1455 GMT, off an earlier session-high of $111.46. U.S. crude rose 71 cents to $87.46.

    • 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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