Crude Oil: Oil trading on a stronger footing this morning

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 2.13% against the USD and closed at USD65.67 per barrel on Friday, amid rising US production and possibility that the OPEC might increase supplies. Additionally, Baker Hughes … Continue reading

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Crude Oil: Oil extends its losses in the Asian session, ahead of Baker Hughes weekly rig count data

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 1.53% against the USD and closed at USD67.10 per barrel, after the Energy Information Administration (EIA) reported that US crude production jumped to a record high of … Continue reading

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

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 1.91% against the USD and closed at USD68.14 per barrel, following reports that OPEC and Russia would stick to their oil supply cuts until the end of … Continue reading

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

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 0.18% against the USD and closed at USD66.86 per barrel, on reports that OPEC and Russia are considering increasing crude production by 1.0 million barrels per day. … 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 1.32% against the USD and closed at USD66.98 per barrel. However, gains in crude prices were limited, as investors were grappled with concerns that major oil producers … Continue reading

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

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 1.53% against the USD and closed at USD70.76 per barrel, after Russia signalled at a gradual increase in crude production and the Organisation of the Petroleum Exporting … 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 0.42% against the USD and closed at USD71.86 per barrel, weighed down by an unexpected rise in US crude oil inventories. The Energy Information Administration (EIA) report … Continue reading

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

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 0.52% against the USD and closed at USD72.16 per barrel, surrendering its previous session gains. Separately, the American Petroleum Institute (API) reported that US crude oil inventories … Continue reading

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Crude Oil: Oil reverses 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 0.93% against the USD and closed at USD72.54 per barrel, after the outcome of Venezuelan presidential election triggered worries that the country’s oil production could fall further. … 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 declined 0.36% against the USD and closed at USD71.34 per barrel on Friday, as investors were grappled with concerns over rising US crude production. Meanwhile, fresh figures from … Continue reading

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

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 0.11% against the USD and closed at USD71.60 per barrel, lifted by persistent concerns over potential disruption to global crude supplies. In the Asian session, at GMT0300, … Continue reading

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