Crude Oil: Oil reverses its losses in the morning session

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 0.39% against the USD and closed at USD49.14 per barrel, after news surfaced that two key oilfields in Libya had restarted, thus intensifying supply glut concerns. In … 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 0.06% against the USD and closed at USD49.33 per barrel, after the Energy Information Administration (EIA) disclosed that US crude oil inventories fell more-than-anticipated by 3.64 million … 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 marginally rose against the USD and closed at USD49.30 per barrel. Gains in crude prices were trimmed after the American Petroleum Institute (API) disclosed that US crude oil … Continue reading

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Crude Oil: Oil reverses 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 1.06% against the USD and closed at USD49.28 per barrel, after Russia indicated that it can boost oil output to its highest level in 30 years, if … 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 USD49.49 per barrel on Friday, after Baker Hughes disclosed that active oil rigs in the US advanced by 5 to … Continue reading

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Crude Oil: Oil trading on a weaker footing in the Asian session

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 0.3% against the USD and closed at USD50.79 per barrel, after two leading Gulf oil exporters, Saudi Arabia and Kuwait, offered a clear signal about extension of … Continue reading

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Crude Oil: Oil reverses its losses in the Asian session

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 3.21% against the USD and closed at USD50.64 per barrel, after the Energy Information Administration (EIA) reported an unexpected increase in US gasoline supplies. However, losses in … Continue reading

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Crude Oil: Oil trading marginally lower in the morning session, ahead of EIA’s weekly crude oil inventories data

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 0.72% against the USD and closed at USD52.32 per barrel. Meanwhile, the American Petroleum Institute (API) disclosed that US crude oil stockpiles dropped less-than-anticipated by 0.84 million … 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 0.38% against the USD and closed at USD52.7 per barrel, after the Energy Information Administration (EIA) indicated that US shale production is likely to post the biggest … 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 0.81% against the USD and closed at USD52.94 per barrel, amid concerns over rising US crude production after the Energy Information Administration (EIA), in its monthly report, … Continue reading

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Crude Oil: Oil trading on a stronger footing this morning, ahead of EIA’s crude oil inventories data

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 0.45% against the USD and closed at USD53.37 per barrel, after the American Petroleum Institute (API) reported a surprise draw of 1.3 million barrels in the US … Continue reading

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