Crude Oil: Oil reverses its losses in the Asian session

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 0.95% against the USD and closed at USD47.75 per barrel, amid persistent concerns over growing US crude inventories. In the Asian session, at GMT0400, the pair is … 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 0.29% against the USD and closed at USD48.21 per barrel. However, gains in crude prices were trimmed after the Energy Information Administration (EIA) reported that US crude … Continue reading

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Crude Oil: Oil trading higher in the morning session

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 0.37% against the USD and closed at USD48.07 per barrel, after the American Petroleum Institute (API) disclosed that US crude oil stockpiles advanced by 4.53 million barrels … Continue reading

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

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 0.37% against the USD and closed at USD48.25 per barrel, as investors continue to grapple with worries about growing US oil output and high inventories. Meanwhile, news … 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 0.14% against the USD and closed at USD48.74 per barrel on Friday, on concerns that an OPEC production cut was failing to reduce a global supply glut. … Continue reading

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Crude Oil: Oil trading on a stronger footing, ahead of Baker Hughes weekly rig count data

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 0.59% against the USD and closed at USD48.81 per barrel, amid persistent global supply glut concerns. In the Asian session, at GMT0400, the pair is trading at … 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 rose 1.36% against the USD and closed at USD49.10 per barrel, after the Energy Information Administration (EIA) report showed that US crude oil inventories surprisingly fell 0.24 million … Continue reading

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

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 0.12% against the USD and closed at USD48.44 per barrel, after the American Petroleum Institute (API) disclosed that US crude oil inventories surprisingly fell 0.53 million barrels … Continue reading

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Crude Oil: Oil extends its gains in the Asian session

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 0.62% against the USD and closed at USD48.38 per barrel, reversing previous session losses. However, gains in oil prices were capped, as rising US oil production offset … 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 2.2% against the USD and closed at USD48.45 per barrel on Friday, after Baker Hughes disclosed that US crude oil rig count rose by 8 to a … Continue reading

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Crude Oil: Oil reverses its losses in the morning session, ahead of Baker Hughes weekly rig count data

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 1.41% against the USD and closed at USD49.54 per barrel, amid persistent concerns about record levels of US crude oil inventories. In the Asian session, at GMT0400, … Continue reading

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