Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 0.14% against the USD and closed at 34.68, reversing its previous session gains, as global supply glut concerns resurfaced. In the Asian session, at GMT0400, the pair … Continue reading →

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 2.54% against the USD and closed at 34.73, as investors shrugged off data indicating record high US crude stockpiles and turned their attention to OPEC’s plan to … Continue reading →

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 0.06% against the USD and closed at 33.87, after the Russian Energy Minister, Alexander Novak, stated that oil firms in the country support a pledge to freeze … Continue reading →

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 3.08% against the USD and closed at 33.85, buoyed by Saudi Arabia’s pledge to limit market volatility by freezing output at January levels. In the Asian session, … Continue reading →

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 0.33% against the USD and closed at 33.05, extending its previous session gains, after Baker Hughes report showed that the US oil rig count fell by 13 … Continue reading →

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 2.33% against the USD and closed at 32.94, as investors focussed on an upcoming meeting of major oil producers to address the persistent global supply glut. In … Continue reading →

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 2.32% against the USD and closed at 32.19, rebounding from its previous session losses. Separately, the Energy Information Administration (EIA) reported that US crude stockpiles advanced by … Continue reading →

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 5.21% against the USD and closed at 31.46, after Saudi Arabia’s oil minister, Ali Al-Naimi, shattered hopes for output cuts, coupled with a higher-than-expected build in US … Continue reading →

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 11.98% against the USD and closed at 33.19, after the International Energy Agency’s (IEA) projection of US shale oil production to fall sharply in this and next … Continue reading →

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 3.56% against the USD and closed at 29.53, as record high US crude stockpiles escalated concerns that the plan to freeze output would do little to curb … Continue reading →

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 2.39% against the USD and closed at 30.62, reversing its previous session gains, amid renewed concerns about global oversupply, after US crude inventories rose to record highs … Continue reading →