Crude Oil: API reported a more than expected drop in the US weekly crude inventories

Crude Oil Movement Crude Oil prices declined 0.15% against the USD for the 24 hour period ending 23:00GMT, closing at 106.54, amid a broad gain in the US Dollar. Additionally, concerns on the supply-outlook of oil from Iraq eased after … Continue reading

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Crude Oil: Crude trading lower amid easing concerns on supply-outlook

Crude Oil Movement Crude Oil prices declined 0.66% against the USD for the 24 hour period ending 23:00GMT, closing at 106.70, as traders booked profits amid bets that the recent gains in oil prices were overdone. Additionally, concerns over the … Continue reading

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Crude Oil: Crude trading higher on escalating tensions over Iraq’s supply-outlook

Crude Oil Movement On Friday, Crude Oil prices declined 0.14% against the USD for the period ending 21:00GMT, closing at 106.80, as the International Energy Agency (IEA), in its monthly oil market report, downplayed concerns arising to a possible loss … Continue reading

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Crude Oil: Oil extends its rally amid escalating violence in Iraq

Crude Oil Movement Crude Oil prices rallied 2.37% against the USD for the 24 hour period ending 23:00GMT, closing at 106.95, as escalating violence in Iraq fuelled concerns on the supply-outlook of the commodity from the second-largest oil producer of … Continue reading

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Crude Oil: EIA reported a more than expected fall in the US weekly crude inventories

Crude Oil Movement Crude Oil prices advanced 0.17% against the USD for the 24 hour period ending 23:00GMT, closing at 104.47, as the Energy Information Administration (EIA), in its weekly report, indicated that US crude stockpiles fell 2.6 million barrels … Continue reading

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Crude Oil: Crude trading modestly higher ahead of EIA’s US crude inventory data

Crude Oil Movement Crude Oil prices declined 0.21% against the USD for the 24 hour period ending 23:00GMT, closing at 104.29, as a weekly report from the American Petroleum Institute (API) showed that US crude inventories rose by 1.45 million … Continue reading

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Crude Oil: Crude trading above its MA’s

Crude Oil Movement Crude Oil prices rallied 1.80% against the USD and closed at 104.51 for the 24 hour period ending 23:00GMT, buoyed by a strong Chinese trade balance data and amid speculation that a government report would show a … Continue reading

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Crude Oil: Crude trading higher, benefited by Chinese strong trade balance data

Crude Oil Movement On Friday, Crude Oil prices advanced 0.33% against the USD for the period ending 21:00GMT, closing at 102.80, as strong economic releases from the US economy bolstered the demand outlook of the commodity in the world’s largest … Continue reading

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Crude Oil: Crude trading marginally higher in the morning session

Crude Oil Movement Crude Oil prices advanced 0.20% against the USD for the 24 hour period ending 23:00GMT, closing at 102.46, paring its initial losses, triggered by easing supply concerns on crude oil. Yesterday, reports revealed that Libya’s output expanded … Continue reading

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Crude Oil: EIA reported 3.4 million barrels fall in the US weekly crude inventories

Crude Oil Movement Crude Oil prices declined 0.66% against the USD for the 24 hour period ending 23:00GMT, closing at 102.26, amid mounting speculation that Ukrainian President, Petro Poroshenko’s peace-plan with Russia would ease supply-concerns of the commodity from the … Continue reading

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Crude Oil: API reported a more than expected drop in the US crude inventories last week

Crude Oil Movement Crude Oil prices advanced 0.35% against the USD for the 24 hour period ending 23:00GMT, closing at 102.94, as a strong US factory order report and a more-than-expected fall in the American Petroleum Institute’s (API) weekly US … Continue reading

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