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

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 0.95% against the USD and closed at USD50.05 per barrel, extending its previous session losses. Separately, the American Petroleum Institute reported that US crude oil inventories fell … Continue reading

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Crude Oil: Oil extends 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 2.04% against the USD and closed at USD50.53 per barrel, as global supply glut concerns resurfaced following reports of a rise in OPEC’s September crude output and … 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 slightly rose against the USD and closed at USD51.58 per barrel on Friday. Meanwhile, Baker Hughes disclosed that active oil rigs in the US rose by 6 to … Continue reading

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

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 0.98% against the USD and closed at USD51.56 per barrel. In the Asian session, at GMT0300, the pair is trading at 51.57, with the oil trading marginally … 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 0.08% against the USD and closed at USD52.07 per barrel. Meanwhile, the Energy Information Administration (EIA) announced a drop of 1.8 million barrels in US crude oil … Continue reading

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Crude Oil: Oil trading marginally higher in the morning session

Crude Oil Movement For the 24 hours to 23:00 GMT, the Crude Oil marginally rose against the USD and closed at USD52.11 per barrel. Meanwhile, the American Petroleum Institute (API) reported that US crude oil inventories surprisingly fell by 761,000 … Continue reading

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Crude Oil: Oil extends its gains, ahead of API’s weekly crude oil inventories data

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 3.07% against the USD and closed at USD52.10 per barrel, buoyed by growing demand and as Turkey threatened to close a pipeline that carries Kurdish oil exports … 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 0.18% against the USD and closed at USD50.62 per barrel on Friday, after the Organisation of the Petroleum Exporting Countries (OPEC) stated that the countries participating in … Continue reading

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Crude Oil: Oil trading lower, ahead of OPEC’s meeting

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 0.08% against the USD and closed at USD50.71 per barrel, surrendering its previous session gains. In the Asian session, at GMT0300, the pair is trading at 50.59, … 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 1.91% against the USD and closed at USD50.75 per barrel, amid mounting speculation that OPEC and non-OPEC members would agree to extend its production-cut deal beyond March … Continue reading

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Crude Oil: Oil trading a tad lower, ahead of EIA’s weekly crude oil inventories data

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 0.34% against the USD and closed at USD49.80 per barrel, after the American Petroleum Institute (API) reported that US crude oil inventories rose by 1.4 million barrels … Continue reading

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