Crude Oil: Oil trading higher in the Asian session

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 1.33% against the USD and closed at USD52.38 per barrel on Friday, after OPEC and its allies agreed to reduce oil output starting next year.Additionally, fresh figures … Continue reading

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Crude Oil: Oil trading lower, ahead of Baker Hughes weekly rig count data

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 2.62% against the USD and closed at USD51.69 per barrel, after the OPEC postponed its decision on production reduction. Meanwhile, the Energy Information Administration (EIA) report indicated … Continue reading

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Crude Oil: Oil trading lower in the Asian session

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 0.74% against the USD and closed at USD53.08 per barrel, amid rising US inventories and on global growth concerns. Adding to the negative sentiment, the Organisation of … Continue reading

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Crude Oil: Oil trading lower, ahead of EIA’s weekly crude oil stockpiles data

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 0.92% against the USD and closed at USD52.69 per barrel, after the American Petroleum Institute (API) reported that US crude oil inventories climbed by 5.4 million barrels … Continue reading

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Crude Oil: Oil trading higher, ahead of API’s weekly crude oil inventories data

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 1.12% against the USD and closed at USD53.18 per barrel, on US-China trade war truce and after the Russian President, Vladimir Putin and Saudi Crown Prince, Mohammed … Continue reading

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Crude Oil: Oil trading higher in the Asian session

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 1.30% against the USD and closed at USD50.68 per barrel, amid mounting worries over excess global supply. Additionally, fresh figures from Baker Hughes disclosed that the number … Continue reading

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Crude Oil: Oil trading higher, ahead of Baker Hughes weekly rig count

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 1.58% against the USD and closed at USD51.35 per barrel, amid reports that Russian officials are considering production cuts together with the Organisation of the Petroleum Exporting … Continue reading

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Crude Oil: Oil reverses its losses in the Asian session

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 2.81% against the USD and closed at USD50.55 per barrel, after the Energy Information Administration (EIA) report indicated that US crude oil stockpiles rose 3.6 million barrels … Continue reading

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Crude Oil: Oil trading marginally lower, ahead of EIA’s crude oil inventories data

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 0.81% against the USD and closed at USD52.01 per barrel. Meanwhile, the American Petroleum Institute (API) reported that US crude oil inventories rose 3.5 million barrels to … Continue reading

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Crude Oil: Oil trading lower, ahead of API’s weekly crude oil stockpiles data

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 1.72% against the USD and closed at USD51.59 per barrel, amid hopes that OPEC would approve production cuts in order to avoid excess oil supply in the … Continue reading

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Crude Oil: Oil trading higher in the Asian session

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 6.75% against the USD and closed at USD50.39 per barrel on Friday, amid ongoing worries about oversupply and global economic growth slowdown. In the Asian session, at … Continue reading

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