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 1.29% against the USD and closed at USD51.42 per barrel, surrendering its previous session gains. Yesterday, the OPEC Secretary-General, Mohammad Barkindo, stated that the oil market is … 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 0.13% against the USD and closed at USD52.09 per barrel, after the Energy Information Administration (EIA) disclosed that US crude stockpiles fell more-than-anticipated by 5.7 million barrels … Continue reading

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

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 0.29% against the USD and closed at USD52.02 per barrel, after the American Petroleum Institute (API) reported a huge draw of 7.1 million barrels in US crude … Continue reading

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

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 0.12% against the USD and closed at USD51.87 per barrel, lifted by concerns about global crude supplies after Iraqi forces seized the oil-rich city of Kirkuk. Meanwhile, … 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 1.14% against the USD and closed at USD51.36 per barrel on Friday, amid simmering tension in Iraq and as the US President, Donald Trump, refused to formally … 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 0.55% against the USD and closed at USD50.78 per barrel, after the International Energy Agency (IEA) disclosed that global crude production rose by 90,000 barrels per day … 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 0.35% against the USD and closed at USD51.06 per barrel, after OPEC raised its crude demand forecast for 2017 & 2018 and added that production-cutting deal was … 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 rose 2.64% against the USD and closed at USD50.88 per barrel, amid a pledge from OPEC leader Saudi Arabia to cut its oil exports in November. In the … 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 0.24% against the USD and closed at USD49.57 per barrel, following hawkish comments from the OPEC Secretary General, Mohammad Barkindo. The OPEC’s Secretary-General stated that talks were … 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 2.82% against the USD and closed at USD49.35 per barrel on Friday, on concerns that Tropical Storm Nate would cause refiners on US Gulf Coast to slow … Continue reading

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

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 1.78% against the USD and closed at USD50.78 per barrel, lifted by speculations of an extension for the OPEC’s production cut deal beyond March 2018. In the … Continue reading

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