Correspondent, London
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Sep 26, 2013

Oil rises on bargain hunting despite easing risk premium

LONDON, Sept 26 (Reuters) – Oil prices gained slightly on
Thursday despite easing geopolitical worries and an improving
supply picture, as traders sought bargains after sharp losses
earlier this month.

Brent oil gained 19 cents to $108.51 a barrel by
0843 GMT, after slipping to $108 earlier in the session. The
benchmark is down 4.8 percent so far in September, on track for
its biggest monthly fall since April.

Sep 19, 2013

Oil trails assets’ surge on Iran nuclear signal

LONDON, Sept 19 (Reuters) – Brent oil rose for a second day
on Thursday after the United States surprised markets by keeping
its monetary stimulus programme intact, but gains were capped
after Iran’s president vowed his government would never develop
nuclear weapons.

Brent crude for November delivery gained 33 cents to
$110.93 a barrel by 1110 GMT, while U.S. crude was up 70
cents at $108.77.

Sep 6, 2013

U.S. regulators in talks with EU on energy price probe

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.

Sep 3, 2013

Oil edges up on China data, tighter supply

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.

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
high.

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.

    • 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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