Crude Oil: Crude Oil trading lower, ahead of rig count data from the US

Crude Oil Movement Crude Oil prices declined 3.45% against the USD for the 24 hour period ending 23:00GMT, closing at 41.92. In the Asian session, at GMT0300, the pair is trading at 42.01, with crude oil prices trading 0.21% higher … Continue reading

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Crude Oil: Crude Oil reverses its gains in the Asian session

Crude Oil Movement Crude Oil prices advanced 0.18% against the USD for the 24 hour period ending 23:00GMT, closing at 43.42, recovering from its six-year lows, after the Energy Information Administration (EIA) announced that the US oil stockpiles fell by … Continue reading

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Crude Oil: Crude oil extends its losses after China’s currency devaluation

Crude Oil Movement Crude Oil prices declined 3.26% against the USD for the 24 hour period ending 23:00GMT, closing at 43.34 following OPEC’s statement that its members continued to increase its supplies. Additionally, OPEC also raised its projection of non-member … Continue reading

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Crude Oil: Oil prices reverse its gains in the Asian session, ahead of the API data

Crude Oil Movement Crude Oil prices advanced 2.75% against the USD for the 24 hour period ending 23:00GMT, closing at 44.80. In the Asian session, at GMT0300, the pair is trading at 44.54, with crude oil trading 0.58% lower from … Continue reading

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Crude Oil: Oil trading on a weaker footing in the Asian session

Crude Oil Movement On Friday, Crude Oil prices declined 2.12% against the USD for the period ending 21:00GMT, closing at 43.85, as global glut of crude oil continued to persist. Oil further came under pressure, after data showed that US … Continue reading

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Crude Oil: Oil trading higher in the Asian session

Crude Oil Movement Crude Oil prices declined 0.93% against the USD for the 24 hour period ending 23:00GMT, closing at 44.80, as fears of global over-supply continued to persist. In the Asian session, at GMT0300, the pair is trading at … Continue reading

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Crude Oil: Oil trading on a weaker footing this morning

Crude Oil Movement Crude oil prices declined 1.37% against the USD for the 24 hour period ending 23:00GMT, closing at 45.22, despite the Energy Information Administration (EIA) disclosing a drawdown in US crude stockpiles. The EIA revealed that US crude … 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 1.08% against the USD for the 24 hour period ending 23:00GMT, closing at 45.85, rebounding from its previous session losses. Oil prices found some support, after the American Petroleum Institute (API) disclosed that … Continue reading

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Crude Oil: Oil trading higher in the Asian session

Crude Oil Movement Crude Oil prices declined 2.93% against the USD for the 24 hour period ending 23:00GMT, closing at 45.36, on demand growth concerns, after manufacturing activity in China, the world’s second biggest consumer of oil, slowed down to … Continue reading

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Crude Oil: Oil trading below its MA’s

Crude Oil Movement On Friday, Crude Oil prices declined 3.38% against the USD for the period ending 21:00GMT, closing at 46.90, as concerns of global supply outweighing demand continued to drive the oil prices lower. In the Asian session, at … Continue reading

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Crude Oil: Oil trading lower this morning

Crude Oil Movement Crude Oil prices declined 0.84% against the USD for the 24 hour period ending 23:00GMT, closing at 48.54, on continued concerns of global oil over-supply. In the Asian session, at GMT0300, the pair is trading at 48.24, … Continue reading

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