Crude Oil: Oil extends its gains, ahead of Baker Hughes weekly rig count data

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 0.34% against the USD and closed at USD46.96 per barrel, reversing its previous session losses, after a report showed that oil inventories at the Cushing, Oklahoma hub … Continue reading

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

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 1.87% against the USD and closed at USD46.80 per barrel, after the Energy Information Administration (EIA) disclosed that weekly crude production in the US jumped to its … Continue reading

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Crude Oil: Oil trading between its MA’s, ahead of EIA’s weekly crude oil inventories data

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 0.21% against the USD and closed at USD47.69 per barrel, after the American Petroleum Institute (API) reported a massive draw of 9.2 million barrels in US 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 2.46% against the USD and closed at USD47.59 per barrel, after news of a slowdown in Chinese refining activity raised concerns over demand for crude oil in … 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 0.41% against the USD and closed at USD48.76 per barrel on Friday, after the International Energy Agency (IEA) stated that global oil demand will grow more-than-expected this … Continue reading

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

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 2.08% against the USD and closed at USD48.56 per barrel, after the Organisation of the Petroleum Exporting Countries (OPEC), reported an increase in its July oil output … 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 1.06% against the USD and closed at USD49.59 per barrel, after data indicated a substantial draw in US crude oil inventories. The Energy Information Administration (EIA) report … Continue reading

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

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 0.41% against the USD and closed at USD49.07 per barrel, on news of a rise in exports from key OPEC producers added to concerns over the global … Continue reading

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Crude Oil: Oil extends 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 0.5% against the USD and closed at USD49.27 per barrel, after production at Libya’s largest oil field resumed after a brief disruption. In the Asian session, at … 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 1.08% against the USD and closed at USD49.49 per barrel on Friday, after Baker Hughes reported that active oil rigs in the US fell by 1 to … Continue reading

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Crude Oil: Oil extends its losses in the morning session

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 1.15% against the USD and closed at USD48.96 per barrel, pressured by concerns about global crude supply glut. In the Asian session, at GMT0300, the pair is … Continue reading

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