Crude Oil Movement On Friday, Crude Oil prices advanced 1.91% against the USD for the period ending 21:00GMT, closing at 51.71, on news of declining US drilling activity and after abating concerns over Iran’s oil flooding an already oversupplied market … Continue reading →

Crude Oil Movement Crude Oil prices declined 0.35% against the USD for the 24 hour period ending 23:00GMT, closing at 50.74 rebounding from its previous session losses. In the Asian session, at GMT0300, the pair is trading at 50.75, with … Continue reading →

Crude Oil Movement Crude Oil prices declined 3.69% against the USD for the 24 hour period ending 23:00GMT, closing at 50.92, after the Energy Information Administration (EIA) showed that US crude oil stocks expanded more than double by 10.9 million … Continue reading →

Crude Oil Movement Crude Oil prices advanced 1.97% against the USD for the 24 hour period ending 23:00GMT, closing at 52.87, despite Saudi Arabia, world’s biggest crude oil exporter increasing its oil production to 10.3 million barrels per day of … Continue reading →

Crude Oil Movement Crude Oil prices advanced 4.30% against the USD for the 24 hour period ending 23:00GMT, closing at 51.85, after oversupply threats receded, as traders speculated that it could take several months for Iran to increase its crude … Continue reading →

Crude Oil Movement Crude Oil prices advanced 4.19% against the USD for the 24 hour period ending 23:00GMT, closing at 49.71, despite mounting speculations that the Iranian oil supplies will add to a global glut. Separately, the Energy Information Administration … Continue reading →

Crude Oil Movement Crude Oil prices declined 1.95% against the USD for the 24 hour period ending 23:00GMT, closing at 47.71, ahead of the outcome of Iran’s talks with the West over its nuclear program. Oil prices were further pressurized, … Continue reading →

Crude Oil Movement Crude Oil prices advanced 0.64% against the USD for the 24 hour period ending 23:00GMT, closing at 48.66, slightly rebounding from its earlier session losses. In the Asian session, at GMT0300, the pair is trading at 48.07, … Continue reading →

Crude Oil Movement On Friday, Crude Oil prices declined 5.44% against the USD for the period ending 21:00GMT, closing at 48.34, after reports came in that sanctions against Iran would be lifted which could further escalate worries of oversupply in … Continue reading →

Crude Oil Movement Crude Oil prices advanced 4.56% against the USD for the 24 hour period ending 23:00GMT, closing at 51.12 and extending its previous session gains on the back of rising fears that escalation of battle between Yemeni rebels … Continue reading →

Crude Oil Movement Crude Oil prices advanced 2.80% against the USD for the 24 hour period ending 23:00GMT, closing at 48.89, as geopolitical tensions escalated between Yemeni rebels and Saudi Arabia, the world’s biggest exporter of oil. Gains in oil … Continue reading →