Crude Oil Movement On Friday, Crude Oil prices declined 0.94% against the USD for the period ending 21:00GMT, closing at 59.97. Losses in oil prices were kept in check, after  the number of US rigs actively drilling for oil dropped … Continue reading →

Crude Oil Movement Crude Oil prices declined 0.95% against the USD for the 24 hour period ending 23:00GMT, closing at 60.54. Yesterday, the International Energy Agency in its monthly oil report forecasted that demand for oil to rise by 1.4 … Continue reading →

Crude Oil Movement Crude Oil prices advanced 0.92% against the USD for the 24 hour period ending 23:00GMT, closing at 61.12, after the Energy Information Administration (EIA) revealed that US crude stockpiles dipped by 6.8 million barrels to 470.6 million … Continue reading →

Crude Oil Movement Crude Oil prices advanced 3.77% against the USD for the 24 hour period ending 23:00GMT, closing at 60.56, after the Energy Information Administration (EIA), in its monthly report, raised its forecasts for 2015 West Texas Intermediate (WTI) … Continue reading →

Crude Oil Movement Crude Oil prices declined 0.83% against the USD for the 24 hour period ending 23:00GMT, closing at 58.36, as supply concerns persisted in the oil market after China’s crude oil imports dropped 11% YoY in May. However, … Continue reading →

Crude Oil Movement On Friday, Crude Oil prices advanced 1.61% against the USD for the period ending 21:00GMT, closing at 58.83. The OPEC as expected, at its meeting in Vienna, decided to keep its production target unchanged at 30 million … Continue reading →

Crude Oil Movement On Friday, Crude Oil prices advanced 1.61% against the USD for the period ending 21:00GMT, closing at 58.83. The OPEC as expected, at its meeting in Vienna, decided to keep its production target unchanged at 30 million … Continue reading →

Crude Oil Movement Crude Oil prices declined 2.97% against the USD for the 24 hour period ending 23:00GMT, closing at 57.90, amid expectations that OPEC will refrain from announcing a cut in its production output, at its meeting in Vienna … Continue reading →

Crude Oil Movement Crude Oil prices declined 2.02% against the USD for the 24 hour period ending 23:00GMT, closing at 59.67, as it is widely expected that the OPEC will maintain its current levels of production, despite global supply glut … Continue reading →

Crude Oil Movement Crude Oil prices advanced 1.20% against the USD for the 24 hour period ending 23:00GMT, closing at 60.90. Separately, the American Petroleum Institute (API) showed that US crude oil stocks gained by 1.8 million barrels in the … Continue reading →

Crude Oil Movement Crude Oil prices advanced 0.38% against the USD for the 24 hour period ending 23:00GMT, closing at 60.18. Gains in oil prices were trimmed, after a private survey showed that the OPEC continued pumping ample oil in … Continue reading →