Crude Oil: Oil trading on a lower footing this morning

Crude Oil Movement Crude Oil prices declined 1.92% against the USD for the 24 hour period ending 23:00GMT, closing at 44.51, on the back of weak Chinese economic data, thereby dampening the demand prospects of the commodity. In the Asian … Continue reading

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Crude Oil: Oil trading between its MA’s

Crude Oil Movement On Friday, Crude Oil prices declined 0.29% against the USD for the period ending 21:00GMT, closing at 44.77, surrendering its previous session gains. In the Asian session, at GMT0300, the pair is trading at 45.24, with the … Continue reading

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Crude Oil: Oil trading between its MA’s

Crude Oil Movement Crude Oil prices advanced 0.07% against the USD for the 24 hour period ending 23:00GMT, closing at 44.77, rebounding from its previous session losses. In the Asian session, at GMT0300, the pair is trading at 44.98, with … Continue reading

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Crude Oil: Oil trading below its MA’s

Crude Oil Movement Crude Oil prices declined 3.62% against the USD for the 24 hour period ending 23:00GMT, closing at 44.77, as manufacturing activity in China slowed down to more than a six-year low in September, thus pointing towards slower … Continue reading

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Crude Oil: Oil trading higher, ahead of the EIA’s weekly crude oil supply data

Crude Oil Movement Crude Oil prices declined 3.24% against the USD for the 24 hour period ending 23:00GMT, closing at 44.77, as the demand outlook for the commodity continued to weigh on oil prices. Oil prices failed to recover, despite … Continue reading

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Crude Oil: Oil trading above its MA’s

Crude Oil Movement Crude Oil prices declined 0.13% against the USD for the 24 hour period ending 23:00GMT, closing at 44.77, on concerns over a global economic downturn, thereby hitting the demand prospects for the commodity. In the Asian session, … Continue reading

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Crude Oil: Oil trading below its MA’s

Crude Oil Movement On Friday, Crude Oil prices declined 4.46% against the USD for the period ending 21:00GMT, closing at 44.77, extending its previous session losses, owing to demand growth concerns, after the Fed, in its recent meet, remained worried … Continue reading

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Crude Oil: Oil trading higher in the Asian session

Crude Oil Movement Crude Oil prices declined 5.67% against the USD for the 24 hour period ending 23:00GMT, closing at 44.77, as the US Fed opted not to raise interest rates, citing concerns over global economic slowdown, thereby hitting the … Continue reading

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Crude Oil: Oil trading above its MA’s

Crude Oil Movement Crude Oil prices declined 0.62% against the USD for the 24 hour period ending 23:00GMT, closing at 44.77. However, oil prices pared its losses, after the Energy Information Administration (EIA) disclosed that US crude oil stocks surprisingly … Continue reading

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Crude Oil: Oil trading higher, ahead of the EIA’s weekly crude oil data

Crude Oil Movement Crude Oil prices advanced 1.29% against the USD for the 24 hour period ending 23:00GMT, closing at 44.77, after the API showed a solid drop in US crude oil stocks. The American Petroleum Institute showed that US … Continue reading

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Crude Oil: Oil trading between its MA’s

Crude Oil Movement Crude Oil prices declined 0.31% against the USD for the 24 hour period ending 23:00GMT, closing at 44.77. Oil prices found some support, after the Organization of Petroleum Exporting Countries (OPEC) in its monthly oil market report … Continue reading

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