Crude Oil Movement Crude Oil prices advanced 1.97% against the USD for the 24 hour period ending 23:00GMT, closing at 47.59, after the OPEC’s Secretary General, Abdalla El-Badri, stated that oil prices would rebound rather than extending its decline to … Continue reading →

Crude Oil Movement Crude Oil prices declined 1.60% against the USD for the 24 hour period ending 23:00GMT, closing at 46.67, as China’s 4Q economy expanded at its slowest pace in 24 years, thus raising demand concerns from the world’s … Continue reading →

Crude Oil Movement Crude Oil prices declined 2.19% against the USD for the 24 hour period ending 23:00GMT, closing at 47.43, after a leading investment bank trimmed its price outlook for oil prices in 2015. In the Asian session, at … Continue reading →

Crude Oil Movement On Friday, Crude Oil prices advanced 4.85% against the USD for the period ending 21:00GMT, closing at 48.39, after the International Energy Agency (IEA) trimmed its non-OPEC supply growth this year by 350,000 barrels a day. However, … Continue reading →

Crude Oil Movement Crude Oil prices declined 4.98% against the USD for the 24 hour period ending 23:00GMT, closing at 46.15, as global oil supply glut continued to weigh on oil prices. In the Asian session, at GMT0400, the pair … Continue reading →

Crude Oil Movement Crude Oil prices advanced 5.47% against the USD for the 24 hour period ending 23:00GMT, closing at 48.57, registering its biggest one-day gain since June 2012. Yesterday, the Energy Information Administration (EIA) showed that the US crude … Continue reading →

Crude Oil Movement Crude Oil prices advanced 0.63% against the USD for the 24 hour period ending 23:00GMT, closing at $46.05 a barrel. Yesterday, the UAE Energy Minister Suhail Al Mazrouei, stated that US Shale producers would be the first … Continue reading →

Crude Oil Movement Crude Oil prices declined 4.55% against the USD in the 24 hour period ending 23:00GMT, closing at 45.76, almost a 6-year low on continued worries of oversupply. Additionally, the UAE’s Energy Minister, Al Mazrouei indicated that the … Continue reading →

Crude Oil Movement On Friday, Crude Oil prices declined 1.27% against the USD for the period ending 21:00GMT, closing at 48.31, as global supply glut continued to weigh on the commodity’s prices. Meanwhile, a leading broker projected oil prices to … Continue reading →

Crude Oil Movement Crude Oil prices advanced 0.74% against the USD for the 24 hour period ending 23:00GMT, closing at 48.93, rebounding from its previous session losses, amid speculations that the US Shale boom was slowing down. In the Asian … Continue reading →

Crude Oil Movement Crude Oil prices advanced 1.40% against the USD for the 24 hour period ending 23:00GMT, closing at 48.57, after the Energy Information Administration (EIA) reported that the US crude oil inventories unexpectedly declined by 3.1 million barrels … Continue reading →