Crude Oil Movement Crude Oil prices declined 4.35% against the USD for the 24 hour period ending 23:00GMT, closing at 47.90 as global supply glut continued to hamper oil prices along with rising speculations over the possible exit of Greece … Continue reading →

Crude Oil Movement Crude Oil prices declined 4.65% against the USD for the 24 hour period ending 23:00GMT, closing at 50.08, tumbled to its lowest level since April 2009 after reports indicated that oil supply from Russia and Iraq advanced … Continue reading →

Crude Oil Movement On Friday, Crude Oil prices declined 2.05% against the USD for the period ending 21:00GMT, closing at 52.65, hitting a 5.5 year low due to concerns of slowing demand of the commodity coupled with global supply glut. … Continue reading →

Crude Oil Movement Crude Oil prices advanced 0.90% against the USD for the 24 hour period ending 23:00GMT, closing at 53.75, after the EIA in its weekly report indicated that crude oil inventories in the US slid 1.75 million barrels … Continue reading →

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 0.35% against the USD and closed at 53.82, after official data revealed that oil output from Libya had declined below 300,000 barrels a day, the lowest level … Continue reading →

Crude Oil Movement Crude Oil prices declined 2.65% against the USD for the 24 hour period ending 23:00GMT, closing at 53.63, amid speculations that crude oil stockpiles in the US would continue to remain elevated. Additionally, oil prices further came … Continue reading →

Crude Oil Movement On Friday, Crude Oil prices declined 1.51% against the USD for the period ending 21:00GMT, closing at 54.90, amid persistent worries about global supply glut and weak demand. Last week, the EIA reported that crude stockpiles rose … Continue reading →

Crude Oil Movement On Friday, Crude Oil prices declined 1.51% against the USD for the period ending 21:00GMT, closing at 54.90, amid persistent worries about global supply glut and weak demand. Last week, the EIA reported that crude stockpiles rose … Continue reading →

Crude Oil Movement Crude Oil prices advanced 2.21% against the USD for the 24 hour period ending 23:00GMT, closing at 56.77, after the US economy expanded at the quickest pace in more than a decade, thus bolstered the demand outlook … Continue reading →

Crude Oil Movement Crude Oil prices declined 3.24% against the USD for the 24 hour period ending 23:00GMT, closing at 55.54, after Saudi Arabia’s Oil Minister, Ali al-Naimi stated that the OPEC would not slash its production output even if … Continue reading →

Crude Oil Movement On Friday, Crude Oil prices advanced 5.73% against the USD for the period ending 21:00GMT, closing at 58.28, following comments from the Saudi Arabian Oil Minister, Ali Al-Naimi that decline in crude oil prices was temporary. He … Continue reading →