Crude Oil Movement Crude Oil prices advanced 1.96% against the USD for the 24 hour period ending 23:00GMT, closing at 37.42, after the Baker Hughes weekly rig count report showed that the number of working US oil rigs dropped by … Continue reading →

Crude Oil Movement Crude Oil prices declined 1.48% against the USD for the 24 hour period ending 23:00GMT, closing at 36.70, after US crude stockpiles surprisingly increased in the week ended 25 December along with signs that Saudi Arabia will … Continue reading →

Crude Oil Movement Crude Oil prices advanced 1.31% against the USD for the 24 hour period ending 23:00GMT, closing at 37.25, reversing its previous session losses. However, gains in oil prices were trimmed, after the American Petroleum Institute (API) disclosed … Continue reading →

Crude Oil Movement Crude Oil prices declined 2.80% against the USD for the 24 hour period ending 23:00GMT, closing at 36.77, with global supply glut concerns continue to weigh on the commodity’s price. In the Asian session, at GMT0400, the … Continue reading →

Crude Oil Movement Crude Oil prices advanced 3.78% against the USD for the 24 hour period ending 23:00GMT, closing at 37.84, on the back of a hefty decline in US crude oil stocks. The Energy Information Administration (EIA) disclosed that … Continue reading →

Crude Oil Movement Crude Oil prices advanced 1.84% against the USD for the 24 hour period ending 23:00GMT, closing at 36.46, rebounding from its previous session losses, as a four-decade ban on US oil exports was lifted. Separately, the American … Continue reading →

Crude Oil Movement Crude Oil prices advanced 3.29% against the USD for the 24 hour period ending 23:00GMT, closing at 35.80. However, oil prices gave up gains, with investors remaining focussed to the persistent global supply glut. In the Asian … Continue reading →

Crude Oil Movement Crude Oil prices declined 1.06% against the USD for the 24 hour period ending 23:00GMT, closing at 34.47, after the US oil rig count unexpectedly rose for the first time in five weeks. The Baker Hughes report … Continue reading →

Crude Oil Movement Crude Oil prices declined 2.63% against the USD for the 24 hour period ending 23:00GMT, closing at 34.84, amid persistent global supply glut concerns. Separately, the world’s biggest oil producers in OPEC predicted limited chances for an … Continue reading →

Crude Oil Movement Crude Oil prices declined 2.59% against the USD for the 24 hour period ending 23:00GMT, closing at 35.78, after US crude stockpiles surprisingly increased in the week ended 11 December and the US Federal Reserve raised interest … Continue reading →

Crude Oil Movement Crude Oil prices advanced 1.52% against the USD for the 24 hour period ending 23:00GMT, closing at 36.73, after the OPEC Secretary General, Abdullah al-Badri, stated that the current trend of low oil prices will not continue … Continue reading →