Crude Oil: Oil reverses its gains 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 1.45% against the USD and closed at USD53.13 per barrel, as an outage in Libya’s biggest oil field increased disruptions to global crude supplies. In the Asian … 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 0.95% against the USD and closed at USD52.25 per barrel on Friday, after the US launched a missile attack on Syria. However, gains in crude oil were … Continue reading

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Crude Oil: Oil extends its gains in the morning session

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 1.59% against the USD and closed at USD51.76 per barrel, reversing its previous session losses. In the Asian session, at GMT0300, the pair is trading at 52.82, … 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 0.41% against the USD and closed at USD50.95 per barrel, after the Energy Information Administration (EIA) indicated that US crude oil stockpiles surprisingly rose by 1.6 million … 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 1.77% against the USD and closed at USD51.16 per barrel, after the American Petroleum Institute (API) reported a draw of 1.83 million barrels in US crude oil … Continue reading

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Crude Oil: Oil trading flat in the Asian session

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 0.61% against the USD and closed at USD50.27 per barrel, as Libya’s largest oil field resumed crude production. In the Asian session, at GMT0300, the pair is … 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 0.88% against the USD and closed at USD50.72 per barrel on Friday, on speculation that the OPEC would extend its output cut deal. However, gains in oil … Continue reading

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Crude Oil: Oil trading lower in the morning session

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 1.45% against the USD and closed at USD50.28 per barrel, after Kuwait supported an extension of OPEC production cuts beyond June in an attempt to reduce global … Continue reading

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Crude Oil: Oil reverses its gains in the Asian session

Crude Oil Movement Crude Oil prices advanced 2.23% against the USD for the 24-hour period ending 23:00GMT, closing at 49.56, after the Energy Information Administration (EIA) reported that US crude oil inventories rose less-than-expected by 0.87 million barrels in the … 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 1.34% against the USD and closed at USD48.48 per barrel, following severe disruption to Libyan crude oil supplies and the latest comments from OPEC officials suggesting that … 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 slightly declined against the USD and closed at USD47.84 per barrel, amid doubts whether oil producers would extend their output cut beyond June. In the Asian session, at … Continue reading

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