Crude Oil Movement Crude Oil prices declined 2.02% against the USD for the 24 hour period ending 23:00GMT, closing at 60.03, as supply glut worries continued to persist after a rise in OPEC oil supply more than offset a decline … Continue reading →

Crude Oil Movement Crude Oil prices advanced 3.36% against the USD for the 24 hour period ending 23:00GMT, closing at 61.27, as the Organization of the Petroleum Exporting Countries (OPEC) raised its 2015 world oil demand growth forecast to 1.18 … Continue reading →

Crude Oil Movement Crude Oil prices advanced 0.07% against the USD for the 24 hour period ending 23:00GMT, closing at 59.28, extending its previous session gains. In the Asian session, at GMT0300, the pair is trading at 59.18, with the … Continue reading →

Crude Oil Movement On Friday, Crude Oil prices advanced 0.78% against the USD for the period ending 21:00GMT, closing at 59.46, after the number of US rigs actively drilling oil dropped by 24 to 679, its lowest level since September … Continue reading →

Crude Oil Movement Crude Oil prices declined 2.37% against the USD for the 24 hour period ending 23:00GMT, closing at 59.00, amid worries of supply glut, after Iran’s Oil Minister, Bijan Zanganeh, stated that the nation could lift its oil … Continue reading →

Crude Oil Movement Crude Oil prices declined 0.56% against the USD for the 24 hour period ending 23:00GMT, closing at 60.43. Losses in oil prices were trimmed after the Energy Information Administration reported that the US crude oil stocks unexpectedly … Continue reading →

Crude Oil Movement Crude Oil prices advanced 3.07% against the USD for the 24 hour period ending 23:00GMT, closing at 60.77, amid a disruption in Libyan crude oil exports. Oil prices were also supported, after Saudi Arabia raised its official … Continue reading →

Crude Oil Movement Crude Oil prices declined 0.12% against the USD for the 24 hour period ending 23:00GMT, closing at 58.96, after manufacturing activity in China further slipped in to contraction in April, thus hitting the demand outlook of the … Continue reading →

Crude Oil Movement Crude Oil prices advanced 1.91% against the USD for the 24 hour period ending 23:00GMT, closing at 59.69, after the US weekly jobless claims for unemployment benefits dropped more than expected, thus raising the demand outlook of … Continue reading →

Crude Oil Movement Crude Oil prices advanced 2.90% against the USD for the 24 hour period ending 23:00GMT, closing at 58.57, after the Energy Information Administration (EIA) revealed that US crude oil stocks expanded less than expected by 1.9 million … Continue reading →

Crude Oil Movement Crude Oil prices advanced 0.32% against the USD for the 24 hour period ending 23:00GMT, closing at 56.92. Gains in oil prices were kept in check, after the American Petroleum Institute (API) reported that US crude inventories … Continue reading →