Crude Oil: Oil reverses its losses in the morning session

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 0.49% against the USD and closed at USD57.38 per barrel, as investors grew pessimistic that major oil producing countries would strike a deal to extend OPEC’s output … Continue reading

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

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 0.35% against the USD and closed at USD57.66 per barrel, amid anxiety ahead of an OPEC meeting to discuss output cuts. Additionally, the American Petroleum Institute (API) … Continue reading

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Crude Oil: Oil extends its losses in the morning session

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 1.33% against the USD and closed at USD57.86 per barrel, as news of restart of the Keystone crude pipeline raised prospects of higher supply. Additionally, growing uncertainty … 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 0.92% against the USD and closed at USD58.97 per barrel on Friday, as continued shutdown of the Keystone pipeline disrupted deliveries to storage facilities and amid growing … Continue reading

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Crude Oil: Oil extends its gains in the Asian session

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 0.69% against the USD and closed at USD58.43 per barrel, amid ongoing worries over the shutdown of a major US pipeline and lower fuel inventories. In the … 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 1.59% against the USD and closed at USD58.03 per barrel, as investors were grappled with concerns that supply to the US will remain disrupted as the restart … Continue reading

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Crude Oil: Oil extends its gains in the Asian session, ahead of EIA’s weekly crude oil inventories data

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 1.37% against the USD and closed at USD57.12 per barrel, after the American Petroleum Institute (API) reported that US crude oil stockpiles fell more-than-anticipated by 6.4 million … Continue reading

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Crude Oil: Oil trading on a stronger footing, ahead of API’s weekly rig count data

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 0.49% against the USD and closed at USD56.35 per barrel, amid fresh doubts whether the OPEC’s next week meeting would result in an extension of output cuts. … 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, Crude Oil rose 2.46% against the USD and closed at USD56.59 per barrel on Friday, as a major US crude pipeline was shut after it leaked oil onto agricultural land. … Continue reading

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

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 0.13% against the USD and closed at USD55.23 per barrel, amid mounting concerns over surging US crude supplies and gloomier outlook for global oil demand. In the … Continue reading

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Crude Oil: Oil trading between its MA’s in the Asian session

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 0.44% against the USD and closed at USD55.30 per barrel, amid expectations that OPEC would extend its crude production cut in a meeting at the end of … Continue reading

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