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 declined 1.07% against the USD and closed at USD55.44 per barrel, amid worries over global oil demand and ahead of the US Fed Chairman, Jerome Powell’s speech in … Continue reading

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Crude Oil: Oil extends its losses in the Asian session

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 0.12% against the USD and closed at USD56.04 per barrel, after the Energy Information Administration (EIA) reported a less than expected decline in US crude inventories. The … Continue reading

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

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil remained flat against the USD and closed at USD56.11 per barrel. Separately, the American Petroleum Institute reported that the US crude oil inventories fell by 3.5 million barrels … Continue reading

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Crude Oil: Oil trading higher, ahead of API’s weekly crude oil stockpiles data

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 1.39% against the USD and closed at USD56.11 per barrel, on optimism that US-China trade tensions would ease and on hopes that major economies would implement stimulus … Continue reading

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Crude Oil: Oil trading higher in the Asian session

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 0.07% against the USD and closed at USD54.86 per barrel on Friday, after the Yemeni separatists attacked over Saudi’s oil facility. Meanwhile, the Organisation of the Petroleum … 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 0.09% against the USD and closed at USD54.82 per barrel. In the Asian session, at GMT0300, the pair is trading at 55.07, with oil trading 0.46% higher … Continue reading

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Crude Oil: Oil trading higher in the Asian session

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 3.42% against the USD and closed at USD54.77 per barrel, after the Energy Information Administration (EIA) report indicated that US crude oil stockpiles rose by 1.6 million … 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 rose 3.56% against the USD and closed at USD56.71 per barrel, amid easing US-China trade tensions. In the Asian session, at GMT0300, the pair is trading at 56.43, … Continue reading

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Crude Oil: Oil trading higher, ahead of API’s weekly crude oil stockpiles data

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 0.94% against the USD and closed at USD54.76 per barrel, amid possibilities of OPEC led output cut and reduction in Saudi Arabian shipments. In the Asian session, … Continue reading

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Crude Oil: Oil trading lower in the Asian session

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 3.19% against the USD and closed at USD54.41 per barrel on Friday, after fresh figures from Baker Hughes disclosed that the number of active oil rigs dropped … Continue reading

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

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 0.44% against the USD and closed at USD52.73 per barrel, amid reports that Saudi Arabia and other OPEC members are exploring ways to halt the decline in … Continue reading

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