Crude Oil: Oil trading on stronger footing this morning

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 0.33% against the USD and closed at USD45.85 per barrel on Friday, on reports of a pipeline stoppage in Nigeria that eased some fears of a global … Continue reading

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Crude Oil: Oil extends its losses, ahead of Baker Hughes rig count data

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 0.39% against the USD and closed at USD45.70 per barrel, on signs that the market remains bloated with oil oversupply despite an ongoing effort led by OPEC … 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, the Crude Oil declined 4.42% against the USD and closed at USD45.88 per barrel, following an unexpected rise in US crude oil stockpiles. The Energy Information Administration (EIA) reported that … Continue reading

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Crude Oil: Oil extends it gains in the Asian session

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 1.16% against the USD and closed at USD48.00 per barrel, after fresh figures form the American Petroleum Institute (API) indicated that US crude oil inventories dropped by … Continue reading

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

Crude Oil Movement For the 24 hours to 23:00 GMT, the Crude Oil declined 0.65% against the USD and closed at USD47.45 per barrel, amid concerns that a political rift between Qatar and several Arab states would undermine an OPEC-led … 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, the Crude Oil declined 0.71% against the USD and closed at USD47.76 on Friday, amid fears that Donald Trump’s decision to withdraw from Paris climate pact would increase US oil … 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 1.23% against the USD and closed at USD48.10 per barrel, as investors grew sceptic that OPEC-led cuts will prove sufficient to rebalance an oversupplied market. However, losses … Continue reading

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Crude Oil: Oil trading higher in the morning session, ahead of EIA’s inventory data

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 1.74% against the USD and closed at USD48.70 per barrel, on news that Libya had boosted its production to a three-year high of 827,000 barrels a day, … Continue reading

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Crude Oil: Oil extends its losses in the Asian session

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 0.62% against the USD and closed at USD49.56 per barrel, on signs of rising oil output in Libya and concerns whether OPEC’s agreement to extend production cuts … 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 0.28% against the USD and closed at USD49.87 per barrel, amid hopes that a deal between OPEC and other big oil exporters to extend production cuts until … Continue reading

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Crude Oil: Oil production cuts extended until March 2018

Crude Oil Movement For the 24 hours to 23:00 GMT, the Crude Oil plunged 5.30% against the USD and closed at USD48.82, as the OPEC and other oil producing nations’ decision to extend output cuts for another nine more months … Continue reading

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