Crude Oil: Oil trading on a stronger footing this morning

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 0.58% against the USD and closed at USD43.09 per ounce on Friday, amid weakness in the US Dollar. However, gains in crude prices were capped after Baker … Continue reading

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

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 0.35% against the USD and closed at USD42.82 per barrel, reversing a three-session losing streak. In the Asian session, at GMT0300, the pair is trading at 42.84, … Continue reading

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Crude Oil: Oil trading on a weaker footing this morning

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 2.02% against the USD and closed at USD42.63 per barrel, on concerns that rising glut of global supplies is blunting OPEC-led efforts to rebalance market. However, losses … Continue reading

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

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 1.72% against the USD and closed at USD43.46, as news of boosted crude supply by several key producers intensified global supply glut concerns. However, losses in crude … Continue reading

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Crude Oil: Oil reverses its losses, ahead of API’s weekly crude oil inventories data

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 0.72% against the USD and closed at USD44.22 per barrel, as investors remain grappled with concerns over relentless global supply glut. Meanwhile, Saudi Arabia’s Energy Minister, Khalid … Continue reading

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Crude Oil: Oil trading on weaker footing this morning

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 0.83% against the USD and closed at USD44.70 per barrel on Friday, reversing a three-session losing streak. Separately, Baker Hughes disclosed that active oil rigs in the … Continue reading

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Crude Oil: Oil reverses its losses, ahead of Baker Hughes weekly rig count data

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 0.43% against the USD and closed at USD44.33 per barrel, amid persistent concerns over global supply glut. In the Asian session, at GMT0300, the pair is trading … Continue reading

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Crude Oil: Oil trading on a stronger footing in the morning session

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 3.24% against the USD and closed at USD44.52 per barrel, after the International Energy Agency (IEA) report projected a big increase in non-OPEC crude output in 2018. … Continue reading

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Crude Oil: Oil trading a tad lower, ahead of EIA’s weekly crude oil inventories data

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 0.2% against the USD and closed at USD46.01 per barrel, after the American Petroleum Institute (API) reported that US crude oil stockpiles surprisingly rose by 2.8 million … Continue reading

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Crude Oil: Oil extends its gains in the morning session

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 0.09% against the USD and closed at USD46.10 per barrel, on reports that Saudi Arabia will curb crude output to some Asian buyers in July and deepen … Continue reading

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Crude Oil: Oil trading on stronger footing this morning

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 0.33% against the USD and closed at USD45.85 per barrel on Friday, on reports of a pipeline stoppage in Nigeria that eased some fears of a global … Continue reading

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