Crude Oil Movement Crude Oil prices advanced 1.89% against the USD for the 24 hour period ending 23:00GMT, closing at 36.18. However, the gains in oil prices were capped as investors turned their focus on the persistent global supply glut. … Continue reading →

Crude Oil Movement Crude Oil prices declined 2.48% against the USD for the 24 hour period ending 23:00GMT, closing at 35.71, after the International Energy Agency (IEA) reported that global supply glut would continue in 2016. Separately, Baker Hughes weekly … Continue reading →

Crude Oil Movement Crude Oil prices declined 2.03% against the USD for the 24 hour period ending 23:00GMT, closing at 36.62, after the Organization of the Petroleum Exporting Countries (OPEC) stated that its oil production reached the fastest pace since … Continue reading →

Crude Oil Movement Crude Oil prices declined 1.40% against the USD for the 24 hour period ending 23:00GMT, closing at 37.38, as investors ignored an unexpected drawdown in US crude stockpiles and continued to fret about the persistent global supply … Continue reading →

Crude Oil Movement Crude Oil prices advanced 0.53% against the USD for the 24 hour period ending 23:00GMT, closing at 37.91, after an unexpected decline in US crude stockpiles. Yesterday, the American Petroleum Institute (API) reported that US crude oil … Continue reading →

Crude Oil Movement Crude Oil prices declined 5.49% against the USD for the 24 hour period ending 23:00GMT, closing at 37.71, slipping to a nearly 7-year low, as signs of an unabated global supply glut persist. In the Asian session, … Continue reading →

Crude Oil Movement Crude Oil prices declined 3.02% against the USD for the 24 hour period ending 23:00GMT, closing at 40.10, after the Organization of the Petroleum Exporting Countries (OPEC) announced that it would maintain its current production level steady … Continue reading →

Crude Oil Movement Crude Oil prices advanced 3.09% against the USD for the 24 hour period ending 23:00GMT, closing at 41.35, after news emerged that Saudi Arabia might propose a cut in daily oil supply next year in an attempt … Continue reading →

Crude Oil Movement Crude Oil prices declined 3.77% against the USD for the 24 hour period ending 23:00GMT, closing at 40.11, after US crude stockpiles surprisingly increased in the week ended 27 November. The Energy Information Administration (EIA) disclosed that … Continue reading →

Crude Oil Movement Crude Oil prices declined 0.10% against the USD for the 24 hour period ending 23:00GMT, closing at 41.68, after an unexpected rise in US crude stockpiles. The American Petroleum Institute (API) reported that US crude oil inventories … Continue reading →

Crude Oil Movement Crude Oil prices declined 0.22% against the USD for the 24 hour period ending 23:00GMT, closing at 41.72, amid persistent global supply glut concerns after a Reuters’ survey estimated higher OPEC output in November. In the Asian … Continue reading →