Crude Oil Movement Crude Oil prices declined 1.89% against the USD for the 24 hour period ending 23:00GMT, closing at 46.72. Oil prices were pressured after the IEA reported that the world oil market would likely remain oversupplied next year, … Continue reading →

Crude Oil Movement Crude Oil prices declined 4.42% against the USD for the 24 hour period ending 23:00GMT, closing at 47.62, after the Organization of the Petroleum Exporting Countries (OPEC) announced that its crude output rose to a more-than-three-year-high in … Continue reading →

Crude Oil Movement Crude Oil prices declined 0.18% against the USD for the 24 hour period ending 23:00GMT, closing at 49.52. Oil prices found support, after the Baker Hughes weekly rig count report stated that the number of working US … Continue reading →

Crude Oil Movement Crude Oil prices rose 2.67% against the USD for the 24 hour period ending 23:00GMT, closing at 49.61 led by resilience in Chinese equity markets and as news emerging about Russia’s military operations in Syria, which in … Continue reading →

Crude Oil Movement Crude Oil prices declined 8.66% against the USD for the 24 hour period ending 23:00GMT, closing at 44.51, after the Energy Information Administration (EIA) reported a strong build-up in US crude inventories. Yesterday, the EIA reported that … Continue reading →

Crude Oil Movement Crude Oil prices declined 3.87% against the USD for the 24 hour period ending 23:00GMT, closing at 44.51. However, the commodity pared its losses, after the OPEC’s Secretary-General, Abdalla Salem el-Badri, stated that global investments in oil … Continue reading →

Crude Oil Movement Crude Oil prices declined 1.64% against the USD for the 24 hour period ending 23:00GMT, closing at 44.51. Meanwhile, Russia, one of the world’s top three oil producers agreed to hold discussions with OPEC and non-OPEC oil … Continue reading →

Crude Oil Movement Crude Oil prices declined 1.42% against the USD for the 24 hour period ending 23:00GMT, closing at 44.51, after a weaker-than-expected U.S. jobs data weighed on the demand outlook for energy. Meanwhile, the Baker Hughes weekly rig … Continue reading →

Crude Oil Movement Crude Oil prices declined 1.72% against the USD for the 24 hour period ending 23:00GMT, closing at 44.51, on the back of weak US manufacturing data and as fears of an impending hurricane over the US East … Continue reading →

Crude Oil Movement Crude Oil prices declined 0.89% against the USD for the 24 hour period ending 23:00GMT, closing at 44.51, after the Energy Information Administration (EIA) disclosed a strong build-up in US crude oil stocks. The EIA revealed that … Continue reading →

Crude Oil Movement Crude Oil prices declined 0.18% against the USD for the 24 hour period ending 23:00GMT, closing at 44.43, as concerns over slowdown in China continued to hit oil prices. Oil prices were further pressurised, after the American … Continue reading →