Correspondent, London
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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
volatility.

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.

May 29, 2013

Oil slips back on economy uncertainty

LONDON, May 29 (Reuters) – Brent crude oil futures retreated
on Wednesday, on worries that the Federal Reserve could phase
out its stimulus package, and an uncertain demand outlook for
the global economy following weak growth forecasts for China.

Upbeat U.S. housing and consumer confidence data sparked
expectations of improved demand from the world’s top consumer
and saw prices rise sharply the previous session.

May 22, 2013

Oil slips to $103 on U.S. demand worries

LONDON, May 22 (Reuters) – Brent crude oil dropped to $103
per barrel on Wednesday, after data showing a surprise jump in
U.S. gasoline stockpiles sparked worries that summer demand in
the world’s top oil consumer could be weaker than expected.

The U.S. Energy Information Administration said that
gasoline inventories rose by 3 million barrels last week,
suggesting the U.S. domestic fuel market was well supplied for
the peak driving season, in line with data from the American
Petroleum Institute on Tuesday.

    • 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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