Crude Oil Movement Crude Oil prices declined 3.20% against the USD for the 24 hour period ending 23:00GMT, closing at 41.71, after the Energy Information Administration (EIA) reported a strong build-up in US crude inventories. Yesterday, the EIA disclosed that … Continue reading →

Crude Oil Movement Crude Oil prices declined 1.33% against the USD for the 24 hour period ending 23:00GMT, closing at 43.09, as global supply glut concerns continues to weigh on oil prices. Additionally, weak Chinese industrial sector data stoked fears … Continue reading →

Crude Oil Movement Crude Oil prices declined 0.95% against the USD for the 24 hour period ending 23:00GMT, closing at 43.67, on the back of massive build up in US crude oil stocks. The American Petroleum Institute (API) reported that … Continue reading →

Crude Oil Movement Crude Oil prices declined 0.45% against the USD for the 24 hour period ending 23:00GMT, closing at 44.09, extending its previous session losses, as disappointing trade data from China stoked fears of slowing demand from the world’s … Continue reading →

Crude Oil Movement Crude Oil prices declined 2.35% against the USD for the 24 hour period ending 23:00GMT, closing at 44.38, as global supply glut concerns and a strong greenback weighed on oil prices. Meanwhile, Baker Hughes weekly rig count … Continue reading →

Crude Oil Movement Crude Oil prices declined 2.34% against the USD for the 24 hour period ending 23:00GMT, closing at 45.45, extending its previous session losses, as fears of global supply glut continued to weigh on oil prices. In the … Continue reading →

Crude Oil Movement Crude Oil prices declined 2.39% against the USD for the 24 hour period ending 23:00GMT, closing at 46.54, reversing its previous session gains, after the Energy Information Administration (EIA) reported a strong build-up in US crude inventories. … Continue reading →

Crude Oil Movement Crude Oil prices advanced 3.20% against the USD for the 24 hour period ending 23:00GMT, closing at 47.68, after reports of oil supply disruptions in Libya and Brazil raised concerns. Reports indicated that the oil production in … Continue reading →

Crude Oil Movement Crude Oil prices declined 0.15% against the USD for the 24 hour period ending 23:00GMT, closing at 46.20, after weak economic data from China fuelled concerns of slowing demand from the world’s second largest consumer of oil. … Continue reading →

Crude Oil Movement Crude Oil prices advanced 1.49% against the USD for the 24 hour period ending 23:00GMT, closing at 46.38, after Baker Hughes report disclosed that US oil rig count fell for the ninth consecutive week, indicating lower oil … Continue reading →

Crude Oil Movement Crude Oil prices declined 0.74% against the USD for the 24 hour period ending 23:00GMT, closing at 45.70, reversing its previous session gains, after the US economy expanded less than anticipated in Q3 2015, hitting the demand … Continue reading →