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 7.23% against the USD and closed at USD33.66 per barrel, amid rising demand for US gasoline. Separately, the Energy Information Administration (EIA) reported that crude oil inventories … 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 7.57% against the USD and closed at USD31.39 per barrel, after Russia announced that it was planning to ease production cuts from July and amid growing tensions … 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 rose 0.30% against the USD and closed at USD33.96 per barrel, amid production cuts by major oil producer and as fuel demand recovered with easing of coronavirus restrictions. … 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 rose 2.23% against the USD and closed at USD33.86 per barrel. On Friday, Baker Hughes reported that US oil drilling rig count dropped by 21 to 237 for … 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 0.83% against the USD and closed at USD33.87 per barrel, amid optimism over output cuts by major oil producers and hopes of recovery in oil demand. In … 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 5.83% against the USD and closed at USD33.59 per barrel, after the Energy Information Administration (EIA) reported that crude oil inventories dropped by 5.0 million barrels to … 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 declined 4.68% against the USD and closed at USD31.74 per barrel. In the Asian session, at GMT0300, the pair is trading at 31.92, with oil trading 0.57% higher … Continue reading

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

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 8.50 % against the USD and closed at USD33.3 per barrel, amid encouraging results from an experimental COVID-19 vaccine and optimism that resumption in economic activity would … 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 7.20% against the USD and closed at USD29.63 per barrel on Friday, amid signs of recovery in oil demand. Additionally, Baker Hughes reported that US oil drilling … 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 7.59% against the USD and closed at USD27.64 per barrel, after the International Energy Agency predicted that crude inventories will shrink by about 5.5 million barrels per … 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 1.38% against the USD and closed at USD25.69 per barrel, after the Energy Information Administration (EIA) reported that crude oil inventories decreased by 0.7 million barrels to … Continue reading

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