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 0.16% against the USD and closed at USD42.82 per barrel, following major oil producers’ commitments to hold back output. In the Asian session, at GMT0300, the pair … 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 0.16% against the USD and closed at USD42.75 per barrel, after the Energy Information Administration (EIA) reported that crude oil inventories fell by 1.6 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 0.14% against the USD and closed at USD42.68 per barrel. The American Petroleum Institute (API) reported that crude oil inventories fell by 4.3 million barrels for the … Continue reading

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

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 1.02% against the USD and closed at USD42.74 per barrel, as the Organisation of the Petroleum Exporting Countries (OPEC) and its allies complied with production cuts in … 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 0.47% against the USD and closed at USD42.16 per barrel, amid concerns over energy demand. Meanwhile, the Baker Hughes reported that US oil drilling rig count fell … 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 declined 0.52% against the USD and closed at USD42.36 per barrel, after the International Energy Agency (IEA) lowered its forecast for global crude demand in 2020. In the … Continue reading

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Crude Oil: Oil trading a tad lower in the morning session

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 2.43% against the USD and closed at USD42.58 per barrel, after the Energy Information Administration (EIA) reported that crude oil inventories fell by 4.5 million barrels for … 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 1.09% against the USD and closed at USD41.57 per barrel. In the Asian session, at GMT0300, the pair is trading at 41.66, with oil trading 0.22% higher … 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 0.86% against the USD and closed at USD42.03 per barrel, amid positive comments from Saudi Arabia’s Aramco CEO Amin Nasser on oil demand and followed by upbeat … 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 1.26% against the USD and closed at USD41.51 per barrel on Friday, amid rising tensions between the US and China and resurgence in coronavirus cases. Meanwhile, Baker … 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 declined 0.61% against the USD and closed at USD42.04 per barrel, amid concerns over fuel demand. In the Asian session, at GMT0300, the pair is trading at 41.92, … Continue reading

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