Crude Oil: Oil trading on a stronger footing this morning

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 0.06% against the USD and closed at USD61.66 per barrel on Friday, after fresh figures from Baker Hughes showed weekly rise in the number of active US … Continue reading

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

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 0.33% against the USD and closed at USD61.43 per barrel, following comments by United Arab Emirates (UAE) Energy Minister. UAE’s Energy Minister, Suhail al-Mazroui, stated that Saudi … 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 2.65% against the USD and closed at USD60.76 per barrel, buoyed by upbeat comments from the Saudi Arabia’s Energy Minister. Saudi Arabia’s Energy Minister, Khalid al-Falih, stated … Continue reading

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Crude Oil: Oil reverses its losses, ahead of EIA’s weekly crude oil stockpiles data

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 1.34% against the USD and closed at USD58.87 per barrel, after the American Petroleum Institute (API) stated that US crude oil inventories rose by 3.9 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 0.82% against the USD and closed at USD59.39 per barrel, after the Energy Information Administration (EIA) forecasted that shale crude-oil production from seven major US oil plays … 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 declined 2.56% against the USD and closed at USD58.93 per barrel on Friday, after fresh figures from Baker Hughes showed the biggest weekly jump in the number of … Continue reading

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

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 1.66% against the USD and closed at USD60.56 per barrel, after Iran, OPEC’s third-largest producer, announced plans to boost oil production within the next four years by … 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 3.61% against the USD and closed at USD61.65 per barrel, after data indicated a rise in US crude oil inventories and record high domestic crude production. The … Continue reading

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Crude Oil: Oil trading flat in the Asian session, ahead of EIA’s weekly crude oil inventories data

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 0.82% against the USD and closed at USD63.91 per barrel, after the American Petroleum Institute (API) disclosed that US crude oil inventories fell by 1.1 million barrels … 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 1.84% against the USD and closed at USD63.48 per barrel, as a broad sell-off in global financial markets dented investor sentiment. In the Asian session, at GMT0400, … 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 1.07% against the USD and closed at USD65.41 per barrel on Friday, pressured by rising US crude output and a stronger greenback. On Friday, Baker Hughes reported … Continue reading

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