Crude Oil: Oil trading flat in the morning session

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 1.17% against the USD and closed at USD56.76 per barrel, after OPEC, in its monthly report, stated that US crude production would surge faster-than-expected in 2018. The … Continue reading

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Crude Oil: Oil reverses its losses, ahead of EIA’s weekly crude oil inventories data

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 1.02% against the USD and closed at USD57.43 per barrel, after the Energy Information Administration (EIA), in its monthly report, lowered its global crude demand projection and … 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 1.66% against the USD and closed at USD58.02 per barrel, as an outage of a key North Sea pipeline sparked fresh supply concerns. In the Asian session, … Continue reading

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Crude Oil: Oil trading between its MA’s this morning

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 1.29% against the USD and closed at USD57.34 per barrel on Friday, aided by surging Chinese crude demand and fears of a strike in Africa’s largest oil … 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 0.96% against the USD and closed at USD56.61 per barrel, amid renewed supply concerns after a major Nigerian oil union threatened to launch a nationwide strike. 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 declined 2.25% against the USD and closed at USD56.07 per barrel, after the Energy Information Administration (EIA) report showed a decrease in US crude oil stockpiles, but an … Continue reading

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Crude Oil: Oil reverses its losses, ahead of EIA’s weekly crude oil inventories data

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 0.09% against the USD and closed at USD57.36 per barrel. Meanwhile, the American Petroleum Institute (API) indicated that US crude oil stockpiles fell by 5.5 million barrels … Continue reading

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Crude Oil: Oil trading on a stronger footing, ahead of API’s weekly crude inventories data

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 0.97% against the USD and closed at USD57.41 per barrel, amid concerns over rising US crude production, after the US drillers added more oil rigs last week. … 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 1.6% against the USD and closed at USD58.26 per barrel on Friday, amid optimism that the extension of production cut deal by the OPEC and non-OPEC members … Continue reading

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Crude Oil: OPEC and allies extend oil production cuts by 9 months

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 0.07% against the USD and closed at USD57.34 per barrel. However, losses in crude prices were limited, after the Organisation of the Petroleum Exporting Countries (OPEC) and … Continue reading

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Crude Oil: Oil reverses its losses in the morning session

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 0.49% against the USD and closed at USD57.38 per barrel, as investors grew pessimistic that major oil producing countries would strike a deal to extend OPEC’s output … Continue reading

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