Crude Oil Movement Crude Oil prices advanced 3.62% against the USD for the 24-hour period ending 23:00GMT, closing at 37.82, after the Energy Information Administration (EIA) disclosed that US crude oil inventories unexpectedly fell by 4.9 million barrels during the … Continue reading →

Crude Oil Movement Crude Oil prices advanced 2.96% against the USD for the 24-hour period ending 23:00GMT, closing at 36.50, after the Kuwaiti Governor for the Organization of the Petroleum Exporting Countries (OPEC), Nawal Al-Fuzaia, insisted that an agreement to … Continue reading →

Crude Oil Movement Crude Oil prices declined 3.22% against the USD for the 24-hour period ending 23:00GMT, closing at 35.45, as investors doubted over prospects of an output freeze by the world’s top oil producers to rein in the global … Continue reading →

Crude Oil Movement Crude Oil prices declined 4.38% against the USD for the 24-hour period ending 23:00GMT, closing at 36.67, reversing its previous session gains, after the Saudi Deputy Crown Prince, Mohammed bin Salman, indicated that the kingdom will participate … Continue reading →

Crude Oil Movement Crude Oil prices advanced 0.66% against the USD for the 24-hour period ending 23:00GMT, closing at 38.35, after the Energy Information Administration reported that US oil production fell by 56,000 barrels per day(bpd) to 9.2 million bpd … Continue reading →

Crude Oil Movement Crude Oil prices declined 1.37% against the USD for the 24-hour period ending 23:00GMT, closing at 38.10, after the Energy Information Administration (EIA) disclosed that US crude oil inventories rose by 2.3 million barrels during the last … Continue reading →

Crude Oil Movement Crude Oil prices declined 2.00% against the USD for the 24-hour period ending 23:00GMT, closing at 38.63, after Kuwait and Saudi Arabia announced their decision to resume oil production at the jointly operated 300,000-barrel-per-day Khafji field, further … Continue reading →

Crude Oil Movement Crude Oil prices declined 0.83% against the USD for the 24-hour period ending 23:00GMT, closing at 39.41, as global supply glut concerns continued to weigh on the commodity’s price. In the Asian session, at GMT0300, the pair … Continue reading →

Crude Oil Movement Crude Oil prices declined 3.88% against the USD for the 24 hour period ending 23:00GMT, closing at 39.59, on the back of a massive build-up in US crude stocks, eroding hope of an ease in the supply … Continue reading →

Crude Oil Movement Crude Oil prices declined 0.79% against the USD for the 24-hour period ending 23:00GMT, closing at 41.19, after the American Petroleum Institute (API) reported that US oil inventories rose by 8.7 million barrels in the week ended … Continue reading →

Crude Oil Movement Crude Oil prices advanced 5.51% against the USD for the 24-hour period ending 23:00GMT, closing at 41.52, after oscillating between gains and losses throughout the trading session, after the Organisation of Petroleum Exporting Countries (OPEC’s) Secretary- General, … Continue reading →