Crude Oil: Oil extends its losses this morning

Crude Oil Movement Crude Oil prices declined 0.88% against the USD for the 24 hour period ending 23:00GMT, closing at 58.26, as prospects of Greece’s Euro-exit prompted investors to move out of riskier assets. Oil prices further came under pressure, … Continue reading

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Crude Oil: Oil trading below its MA’s

Crude Oil Movement On Friday, Crude Oil prices declined 0.08% against the USD for the period ending 21:00GMT, closing at 59.62. In the Asian session, at GMT0300, the pair is trading at 58.76, with the oil trading 1.44% lower from … Continue reading

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Crude Oil: Oil trading below its MA’s

Crude Oil Movement Crude Oil prices declined 0.91% against the USD for the 24 hour period ending 23:00GMT, closing at 59.67, as Greece and its creditors showed no signs of agreement over the nation’s debt deal, thus weighing on the … Continue reading

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Crude Oil: Oil trading below its MA’s

Crude Oil Movement Crude Oil prices declined 1.49% against the USD for the 24 hour period ending 23:00GMT, closing at 60.22, as Greece’s creditors did not approve the debt reform proposals put forward by the Greek officials. The commodity failed … Continue reading

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Crude Oil: Oil trading marginally lower ahead of the EIA’s weekly crude oil data

Crude Oil Movement Crude Oil prices advanced 1.60% against the USD for the 24 hour period ending 23:00GMT, closing at 61.13. The American Petroleum Institute (API) disclosed that US crude oil inventories fell more than expected by 3.2 million barrels, … Continue reading

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Crude Oil: Oil trading lower in the Asian session

Crude Oil Movement Crude Oil prices advanced 1.33% against the USD for the 24 hour period ending 23:00GMT, closing at 60.17, as hopes of resolution between Greece and its creditors brightened ahead of its meeting scheduled later in the week. … Continue reading

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Crude Oil: Oil trading higher in the Asian session

Crude Oil Movement On Friday, Crude Oil prices declined 1.62% against the USD for the period ending 21:00GMT, closing at 59.47, amid rising speculation that Saudi Arabia, the world’s biggest oil producer would further increase its oil production. In the … Continue reading

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Crude Oil: Oil trading lower in the Asian session

Crude Oil Movement Crude Oil prices advanced 1.10% against the USD for the 24 hour period ending 23:00GMT, closing at 60.45, amid a broad weakness in the greenback that supported the dollar-denominated commodity. In the Asian session, at GMT0300, the … Continue reading

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Crude Oil: Oil trading below its MA’s

Crude Oil Movement Crude Oil prices declined 0.37% against the USD for the 24 hour period ending 23:00GMT, closing at 59.79. Yesterday, the Energy Information Administration (EIA) showed that US crude oil inventories edged down for the seventh consecutive week … 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 0.72% against the USD for the 24 hour period ending 23:00GMT, closing at 60.01. Yesterday, the American Petroleum Institute (API) showed that US crude oil inventories fell by 2.9 million barrels last week. … Continue reading

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Crude Oil: Oil trading above its MA’s

Crude Oil Movement Crude Oil prices declined 0.30% against the USD for the 24 hour period ending 23:00GMT, closing at 59.58, as supply glut continued to hurt the commodity’s prices. In the Asian session, at GMT0300, the pair is trading … Continue reading

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