Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 7.76% against the USD and closed at 31.37, after one of the major oil producers, Iran, voiced its support to freeze production to tackle global supply glut. … Continue reading →

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 4.4% against the USD and closed at 29.11, after Russia and Saudi Arabia dashed expectations for a cut in production, as both agreed to freeze output only … Continue reading →

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 3.43% against the USD and closed at 30.45, after investors reacted to the news that the Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC members would … Continue reading →

Crude Oil Movement For the 24 hours to 23:00 GMT, the Crude Oil rose 8.19% against the USD and closed at 29.47, after a report indicated that the Organization of the Petroleum Exporting Countries (OPEC) might finally agree to curb … Continue reading →

Crude Oil Movement For the 24 hours to 23:00 GMT, the Crude Oil declined 0.37% against the USD and closed at 27.24, as worries about weaker oil demand and global crude oil glut, continue to weigh on the commodity’s price. … Continue reading →

Crude Oil Movement For the 24 hours to 23:00 GMT, the Crude Oil declined 3.53% against the USD and closed at 27.34, as concerns about global supply glut offset data indicating a surprise contraction in US crude oil inventories. Yesterday, … Continue reading →

Crude Oil Movement For the 24 hours to 23:00 GMT, the Crude Oil declined 6.1% against the USD and closed at 28.34, on the back of bearish report issued by the International Energy Agency (IEA). The IEA cautioned that oil … Continue reading →

Crude Oil Movement For the 24 hours to 23:00 GMT, the Crude Oil declined 2.3% against the USD and closed at 30.18, as persistent fears of global supply glut continue to pose negative impact on the commodity’s price. In the … Continue reading →

Crude Oil Movement For the 24 hours to 23:00 GMT, the Crude Oil rose 0.32% against the USD and closed at 31.76, after Baker Hughes reported that US oil rig count fell for seventh straight week to a level of … Continue reading →

Crude Oil Movement For the 24 hours to 23:00 GMT, the Crude Oil declined 2.88% against the USD and closed at 31.66, reversing its previous session gains. However, crude prices were volatile in yesterday’s session amid speculation about possible talks … Continue reading →

Crude Oil Movement For the 24 hours to 23:00 GMT, the Crude Oil rose 9.65% against the USD and closed at 32.60, as investors ignored a considerable rise in US crude stockpiles and focussed on prospects of a meeting between … Continue reading →