Crude Oil: Oil trading on a stronger footing this morning

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil tumbled 4.94% against the USD and closed at USD50.25 per barrel, after the Energy Information Administration (EIA) recorded a build of 8.21 million barrels in US crude inventories … Continue reading

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Crude Oil: Oil trading marginally lower, ahead of EIA’s crude oil inventory data

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 0.68% against the USD and closed at USD52.86 per barrel, after the American Petroleum Institute (API) reported that US crude stockpiles jumped 11.6 million barrels to 526.8 … Continue reading

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Crude Oil: Oil reverses its gains in the morning session

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 0.08% against the USD and closed at USD53.24 per barrel. However, gains in crude prices were kept in check, after the International Energy Agency (IEA) forecasted that … 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 1.04% against the USD and closed at USD53.26 per barrel on Friday. Meanwhile, Baker Hughes disclosed that US oil rig count rose by 7 to 609 in … 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 1.93% against the USD and closed at USD52.71 per barrel, after data revealed that the Russian crude production remained unchanged in February, pointing towards weak compliance with … 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 0.37% against the USD and closed at USD53.75 per barrel, after the Energy Information Administration (EIA) disclosed that US crude oil inventories rose by 1.5 million barrels … Continue reading

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

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 0.19% against the USD and closed at USD53.95 per barrel, after the American Petroleum Institute (API) reported that US crude stockpiles rose 2.5 million barrels to 515.2 … Continue reading

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Crude Oil: Oil reverses its losses in the Asian session, ahead of API’s weekly crude oil inventory data

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 0.13% against the USD and closed at USD54.05 per barrel, amid signs that US crude production is set to contribute to a global supply glut, despite efforts … Continue reading

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Crude Oil: Oil trading between its MA’s this morning

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 0.66% against the USD and closed at USD54.01 per barrel on Friday, after Baker Hughes disclosed that US oil rig count rose by 5 to a total … Continue reading

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Crude Oil: Oil extended its gains in the morning session

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 0.83% against the USD and closed at USD54.37 per barrel. However, gains in crude prices were trimmed, after the Energy Information Administration (EIA) disclosed that US crude … Continue reading

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Crude Oil: Oil trading between its MA’s, ahead of EIA’s crude oil inventory data

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 0.75% against the USD and closed at USD53.92 per barrel. However, oil prices pared losses later in the session after the American Petroleum Institute (API) report showed … Continue reading

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