Crude Oil: Oil reverses its gains in the Asian session

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 0.47% against the USD and closed at USD53.98 per barrel, after the Energy Information Administration (EIA) report indicated that US crude oil stockpiles rose less-than-anticipated by 1.3 … Continue reading

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

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 1.99% against the USD and closed at USD53.73 per barrel, after the American Petroleum Institute (API) reported that US crude oil inventories climbed by 2.5 million barrels … Continue reading

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Crude Oil: Oil trading a tad higher, ahead of API’s weekly crude oil stockpiles data

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 0.98% against the USD and closed at USD54.82 per barrel, weighed down by renewed worries over slowdown in global economy and energy demand. In the Asian session, … Continue reading

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Crude Oil: Oil reverses its gains in the Asian session

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 2.24% against the USD and closed at USD55.26 per barrel on Friday, amid political crisis in Venezuela and drop in OPEC crude output. Additionally, Baker Hughes reported … 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 0.72% against the USD and closed at USD54.05 per barrel, amid renewed concerns over global economic growth. In the Asian session, at GMT0400, the pair is trading … Continue reading

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Crude Oil: Oil trading higher in the Asian session

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 2.10% against the USD and closed at USD54.44 per barrel, as political uncertainties in Venezuela escalated worries over global supply. Meanwhile, the Energy Information Administration (EIA) report … 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 rose 2.44% against the USD and closed at USD53.32 per barrel, amid possibilities of Venezuelan supply disruptions after the US sanctions. Separately, the American Petroleum Institute (API) reported … 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 declined 2.53% against the USD and closed at USD52.05 per barrel, amid mounting concerns over global growth. In the Asian session, at GMT0400, the pair is trading at … Continue reading

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Crude Oil: Oil trading reverses its gain in the Asian session

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 0.94% against the USD and closed at USD53.67 per barrel on Friday, amid worries over the US sanctions for Venezuela’s oil exports. Meanwhile, fresh figures from Baker … 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 rose 1.31% against the USD and closed at USD53.17 per barrel, amid potential US sanctions on Venezuela crude exports. Meanwhile, the Energy Information Administration reported that domestic crude … Continue reading

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

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 1.04% against the USD and closed at USD52.48 per barrel, amid potential US sanctions on Venezuela’s crude oil exports. Additionally, the American Petroleum Institute reported that the … Continue reading

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