Crude Oil: Oil trading higher, ahead of OPEC meeting

Crude Oil Movement For the 24 hours to 23:00 GMT, the Crude Oil rose 0.21% against the USD and closed at USD51.55. Meanwhile, the Energy Information Administration (EIA) announced that US crude oil inventories declined by 4.43 million barrels in … Continue reading

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Crude Oil: Oil trading higher in the morning session, ahead of EIA’s inventory data

Crude Oil Movement For the 24 hours to 23:00 GMT, the Crude Oil rose 0.61% against the USD and closed at USD51.44, as expectations of an extension to production cuts by major producers overshadowed a White House proposal to sell … Continue reading

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Crude Oil: Oil trading on a weaker footing in the morning session, ahead of the API’s weekly crude inventories data

Crude Oil Movement For the 24 hours to 23:00 GMT, the Crude Oil rose 0.89% against the USD and closed at USD51.13, boosted by growing expectations that major oil exporters would agree to extend supply cuts this week and on … 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, the Crude Oil rose 2.03% against the USD and closed at USD50.37 on Friday, on rising hopes that OPEC and other oil producing nations would agree to extend output cuts … Continue reading

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Crude Oil: Oil extends its gains in the morning session, ahead of Baker Hughes rig count data

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 0.59% against the USD and closed at USD49.37 per barrel, on mounting optimism that the Organisation of the Petroleum Exporting Countries (OPEC) is leaning towards extending deal … 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 rose 1.66% against the USD and closed at USD49.08 per barrel, after the Energy Information Administration (EIA) reported a drop in US crude oil inventories for sixth straight … Continue reading

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

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 1.29% against the USD and closed at USD48.28 per barrel, after the International Energy Agency (IEA) warned that an extension to the OPEC-led production cut agreement would … 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 2.11% against the USD and closed at USD48.91 per barrel, after Energy Ministers from Saudi Arabia and Russia endorsed for a nine-month extension to OPEC’s crude production … Continue reading

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Crude Oil: Oil trading on a stronger footing this morning

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 0.19% against the USD and closed at USD47.90 on Friday, amid expectations that OPEC-led production cuts could be extended beyond the middle of 2017. Separately, Baker Hughes … Continue reading

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Crude Oil: Oil trading higher in the Asian session, ahead of Baker Hughes rig count data

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 0.91% against the USD and closed at USD47.81 per barrel, after oil ministers of Iraq and Algeria stated that they support deal to extend crude production cuts … 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 2.69% against the USD and closed at USD47.38 per barrel, after the Energy Information Administration (EIA) reported a significant drawdown in US crude stockpiles. The EIA indicated … Continue reading

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