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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Crude Oil: Oil demand to grow 1.2 mb/d, OPEC

Crude Oil Movement Crude Oil prices declined 1.63% against the USD for the 24 hour period ending 23:00GMT, closing at 97.76. In a noteworthy development, the OPEC Monthly Oil Market Report for July 2014 projected that the world oil demand … Continue reading

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Crude Oil: Oil prices reversed its losses in the Asian session

Crude Oil Movement Crude Oil prices declined 1.59% against the USD for the 24 hour period ending 23:00GMT, closing at 99.38. Oil prices fell below the $100 mark, after gasoline supplies continued to rise and following reports that the North … Continue reading

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Crude Oil: Oil prices trading tad higher ahead of the EIA data

Crude Oil Movement Crude Oil prices declined 0.51% against the USD for the 24 hour period ending 23:00GMT, closing at 100.99 as a firm dollar weighed on the demand for commodities as an alternative investment. The oil prices also came … Continue reading

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Crude Oil: Oil prices gained ground this morning

Crude Oil Movement Crude Oil prices declined 0.27% against the USD for the 24 hour period ending 23:00GMT, closing at 101.51, as excess supplies from North Sea and West Africa and weak demand from Europe and Asia overshadowed fears of … Continue reading

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Crude Oil: Oil trading below its MA’s

Crude Oil Movement On Friday, Crude Oil prices declined 0.11% against the USD for the period ending 21:00GMT, closing at 101.94, after a sharp decline in the average US price of gasoline offset the supply concerns arising from escalating violence … Continue reading

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Crude Oil: Oil trading below its MA’s

Crude Oil Movement Crude Oil prices declined 1.11% against the USD for the 24 hour period ending 23:00GMT, closing at 102.05, reversing its previous session’s gains triggered by an unexpected sharp decline in US weekly crude stockpiles and an upbeat … Continue reading

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Crude Oil: Oil prices trading lower in the Asian session

Crude Oil Movement Crude Oil prices advanced 1.30% against the USD for the 24 hour period ending 23:00GMT, closing at 103.20, after US Energy Information Administration reported that crude oil stockpiles unexpectedly shrank for the fourth consecutive week by 4 … Continue reading

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Crude Oil: Oil trading higher ahead of the EIA data

Crude Oil Movement Crude Oil prices declined 2.65% against the USD for the 24 hour period ending 23:00GMT, closing at 101.88, amid reports that oil supplies were not affected much due to the continuous violence in Iraq, Ukraine and Gaza. … Continue reading

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Crude Oil: Oil prices trading lower this morning ahead of the API data

Crude Oil Movement Crude Oil prices advanced 1.83% against the USD for the 24 hour period ending 23:00GMT, closing at 104.65, amid concerns that the continuing geopolitical tensions in Ukraine, Gaza and Iraq would have a negative impact on oil … Continue reading

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Crude Oil: Crude oil reverses its losses in the Asian session

Crude Oil Movement On Friday, Crude Oil prices declined 0.94% against the USD for the period ending 21:00GMT, closing at 102.81, despite renewed tensions in Ukraine, Libya and Israel. Over the weekend, violence in Libya resurfaced after rival militia battled … Continue reading

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