LONDON/WASHINGTON (Reuters) – U.S. regulators are in talks to join European officials in their investigation of the oil markets, a European politician said, as both sides hunt for signs that trading benchmarks have been compromised.
But while the European Union has already raided the offices of major oil companies and price publisher Platts, the U.S. derivatives regulator has yet to launch a formal probe, two people familiar with the matter said.
LONDON, Sept 3 (Reuters) – Oil futures gained slightly on
Tuesday as firm Chinese economic data bolstered expectations of
demand growth, even as supply has tightened due to the collapse
of Libyan exports.
Brent crude was up 17 cents at $114.50 a barrel at
0835 GMT. U.S. oil rose 20 cents to $107.00 from Friday’s
settlement, as due to the Labor Day holiday there was no Monday
settlement for the U.S. benchmark.
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.
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
U.S. crude slipped 68 cents to $106.26 a barrel,
after pulling back sharply on Monday from last week’s 16-month
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.
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.
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.
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
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.
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.