Crude Oil: Oil trading above its MA’s

Crude Oil Movement On Friday, Crude Oil prices advanced 1.31% against the USD for the period ending 21:00GMT, closing at 96.82 as geopolitical tensions escalated after news emerged that the Ukrainian troops attacked and destroyed a Russian armoury vehicle that … Continue reading

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Crude Oil: Oil trading below its MA’s

Crude Oil Movement Crude Oil prices declined 1.82% against the USD for the 24 hour period ending 23:00GMT, closing at 95.57, as data from the US as well as Europe raised oil demand concerns. In the Asian session, at GMT0300, … Continue reading

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Crude Oil: Oil trading lower this morning in the Asian session

Crude Oil Movement Crude Oil prices advanced 0.10% against the USD for the 24 hour period ending 23:00GMT, closing at 97.34. However, a bearish US weekly inventory report, tepid retail sales numbers and fading Ukrainian kept the gains in check. … Continue reading

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Crude Oil: Oil trading lower as US crude inventories rose, reported API

Crude Oil Movement Crude Oil prices declined 0.67% against the USD for the 24 hour period ending 23:00GMT, closing at 97.24 after the American Petroleum Institute (API) reported that the US crude inventories rose by 229,000 barrels for the week … Continue reading

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Crude Oil: Oil reverses its gain in the Asian session

Crude Oil Movement Crude Oil prices advanced 0.23% against the USD for the 24 hour period ending 23:00GMT, closing at 97.90, ahead of weekly crude stocks data from the American Petroleum Institute. In the Asian session, at GMT0300, Crude Oil … Continue reading

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Crude Oil: Oil continues with its gain in the Asian session

Crude Oil Movement On Friday, Crude Oil prices advanced 0.26% against the USD for the period ending 21:00GMT, closing at 97.68. However easing geopolitical tensions capped its gains. Meanwhile, the OPEC has cut down its 2014 global oil demand growth … Continue reading

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Crude Oil: Oil continues its gain in the Asian session

Crude Oil Movement Crude Oil prices gained 0.57% against the USD for the 24 hour period ending 23:00GMT, closing at 97.43, after US, the largest consumer of crude, revealed an upbeat initial claims data. In the Asian session, at GMT0300, … Continue reading

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Crude Oil: Crude oil trading below its MA’s

Crude Oil Movement Crude Oil prices declined 0.83% against the USD for the 24 hour period ending 23:00GMT, closing at 96.88. The Energy Information Administration reported that US crude oil inventories stood at 365.60 million barrels last week, dropping by … Continue reading

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Crude Oil: Oil continues its losses in the Asian Session

Crude Oil Movement Crude Oil prices declined 0.75% against the USD for the 24 hour period ending 23:00GMT, closing at 97.69. However, the American Petroleum Institute (API) reported that US Crude Oil supplies slipped by 5.5 million barrels in the … Continue reading

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Crude Oil: Oil continues with its upward streak in Asian Session

Crude Oil Movement Crude Oil prices advanced 0.71% against the USD for the 24 hour period ending 23:00GMT, closing at 98.43, amid increased optimism of the US economy, the world’s largest consumer of crude and following continued geopolitical tensions in … Continue reading

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Crude Oil: Oil trading on a higher footing in the Asian session

Crude Oil Movement On Friday, Crude Oil prices marginally declined against the USD for the period ending 21:00GMT, closing at 97.74 as weak US jobs data raised concerns over the demand from the largest consumer of crude. In the Asian … Continue reading

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