Crude Oil: Oil trading above its MA’s

Crude Oil Movement On Friday, Crude Oil prices advanced 3.54% against the USD for the period ending 21:00GMT, closing at 60.23, extending its previous session gains. In the Asian session, at GMT0300, the pair is trading at 59.83, with the … Continue reading

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Crude Oil: Oil trading above its MA’s

Crude Oil Movement Crude Oil prices advanced 0.80% against the USD for the 24 hour period ending 23:00GMT, closing at 58.17, after the Energy information Administration (EIA) showed that US crude oil stocks dropped for the fourth week, easing more … 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 declined 1.23% against the USD for the 24 hour period ending 23:00GMT, closing at 57.71, as a broad strengthening in the greenback weighed on the commodity’s price along with concerns that US crude oil … Continue reading

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Crude Oil: Oil prices trading lower in the Asian session

Crude Oil Movement Crude Oil prices declined 2.39% against the USD for the 24 hour period ending 23:00GMT, closing at 58.43, as the greenback strengthened along with increasing possibility that US shale oil producers may increase their drilling activity. In … Continue reading

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Crude Oil: Oil trading between its MA’s

Crude Oil Movement Crude Oil prices declined 0.15% against the USD for the 24 hour period ending 23:00GMT, closing at 59.86, after Iran’s Oil Minister, Bijan Zanganeh mentioned that the OPEC will maintain its monthly oil production limit. In the … Continue reading

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Crude Oil: Oil trading lower in the Asian session

Crude Oil Movement Crude Oil prices advanced 3.46% against the USD for the 24 hour period ending 23:00GMT, closing at 60.75, amid easing concerns of oversupply and continued concerns about violence in the Middle East. In the Asian session, at … Continue reading

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Crude Oil: Oil trading higher in the Asian session

Crude Oil Movement Crude Oil prices advanced 0.62% against the USD for the 24 hour period ending 23:00GMT, closing at 58.72, after official data from the Energy Information Administration (EIA) showed crude stockpiles in the US declined more than expected … 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 declined 1.95% against the USD for the 24 hour period ending 23:00GMT, closing at 58.36, after Saudi Arabia’s Oil Minister, Ali al-Naimi mentioned that the nation exported nearly 8 million barrels per day (bpd) … Continue reading

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Crude Oil: Oil trading below its MA’s

Crude Oil Movement Crude Oil prices declined 0.42% against the USD for the 24 hour period ending 23:00GMT, closing at 59.52, as the greenback strengthened and weighed on the dollar-denominated commodity. However, losses in oil prices were cut, after Iraq’s … Continue reading

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Crude Oil: Oil trading between its MA’s

Crude Oil Movement On Friday, Crude Oil prices advanced 0.22% against the USD for the period ending 21:00GMT, closing at 59.84, rebounding from its previous session losses. In the Asian session, at GMT0300, the pair is trading at 59.76, with … Continue reading

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Crude Oil: Oil prices trading below its MA’s

Crude Oil Movement Crude Oil prices declined 0.53% against the USD for the 24 hour period ending 23:00GMT, closing at 59.71, as supply glut concerns continued to hit oil prices. In the Asian session, at GMT0300, the pair is trading … Continue reading

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