Crude Oil: Oil trading lower in the Asian session

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 0.65% against the USD and closed at USD61.99 per barrel, after the Energy Information Administration (EIA) report indicated that US crude oil stockpiles declined by 4.0 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 declined 1.00% against the USD and closed at USD61.59 per barrel, after the American Petroleum Institute (API) reported that US crude oil inventories advanced by 2.8 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 2.72% against the USD and closed at USD62.21 per barrel, after US decided to tighten sanctions on Iranian oil, thereby reigniting geopolitical tensions in the Middle East. … 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 declined 2.90% against the USD and closed at USD61.68 per barrel, after the expiry of US waivers on Iran oil sanctions and as an increase in domestic supplies … 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 0.08% against the USD and closed at USD63.52 per barrel, amid escalation in Venezuela’s political turmoil. Separately, the Energy Information Administration (EIA) report indicated that US crude … Continue reading

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

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 0.11% against the USD and closed at USD63.47 per barrel, amid ease in fears over political turmoil in Venezuela. Additionally, the American Petroleum Institute (API) reported that … Continue reading

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

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 1.00% against the USD and closed at USD63.54 per barrel. In the Asian session, at GMT0300, the pair is trading at 63.46, with oil trading 0.13% lower … 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 3.34% against the USD and closed at USD62.83 per barrel on Friday, after the US President Donald Trump continued to pressure the OPEC to increase oil production … 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 1.11% against the USD and closed at USD65.00 per barrel. Meanwhile, Poland, Germany and Slovakia suspended imports of Russian oil, following severe contamination through the Druzhba pipeline. … Continue reading

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Crude Oil: Oil trading flat in the Asian session

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 0.60% against the USD and closed at USD65.73 per barrel, after the Energy Information Administration (EIA) report indicated that US crude oil stockpiles rose by 5.5 million … Continue reading

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

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 0.47% against the USD and closed at USD66.13 per barrel, after the US warned of consequences to the countries that would violate its oil ban on Iran. … Continue reading

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