Crude Oil: Oil extends its losses in the morning session

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 2.69% against the USD and closed at USD48.80 per barrel, after the American Petroleum Institute (API) stated that US crude oil stockpiles surprisingly rose by 1.8 million … Continue reading

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Crude Oil: Oil trading higher in the Asian session, ahead of API’s weekly crude oil inventories data

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 0.62% against the USD and closed at USD50.15 per barrel, after news emerged that the US is considering stepping up sanctions against Venezuela’s vital oil sector, 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 rose 1.2% against the USD and closed at USD49.74 per barrel on Friday, amid soothing fears of global supply glut. Separately, Baker Hughes reported that the number of … Continue reading

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Crude Oil: Oil trading on a weaker footing, ahead of Baker Hughes weekly rig count data

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 1.01% against the USD and closed at USD49.15 per barrel, as investors continued to cheer data showing a sharp drop in US crude oil inventories. In the … 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, Crude Oil rose 0.43% against the USD and closed at USD48.66 per barrel, as a surprisingly sharp drop in US crude oil stockpiles boosted investor sentiment. The Energy Information Administration … Continue reading

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

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 4.4% against the USD and closed at USD48.45 per barrel, after the American Petroleum Institute (API) reported a huge drop in US crude oil inventories. The API … Continue reading

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Crude Oil: Oil trading on a stronger footing in the morning session

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 1.49% against the USD and closed at USD46.41 per barrel, after leading OPEC producer, Saudi Arabia, vowed to limit crude exports next month, in a bid reduce … Continue reading

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Crude Oil: Oil trading on a stronger footing, ahead of OPEC’s meeting

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 2.6% against the USD and closed at USD45.69 per barrel on Friday, as reports of an increase in OPEC’s crude production in July weighed on investor sentiment. … Continue reading

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Crude Oil: Oil trading a tad lower, ahead of Baker Hughes weekly rig count data

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 0.4% against the USD and closed at USD46.91 per barrel, amid persistent concerns over global supply glut. In the Asian session, at GMT0300, the pair is trading … 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 1.77% against the USD and closed at USD 47.10 per barrel, after the Energy Information Administration (EIA) report indicated that US crude oil stockpiles fell more-than-expected by … Continue reading

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Crude Oil: Oil trading on a weaker footing, ahead of EIA’s crude oil inventories data

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 1.04% against the USD and closed at USD46.48 per barrel, as reports of a decrease in Saudi Arabian crude exports boosted investor sentiment. Separately, the American Petroleum … Continue reading

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