Crude Oil: Crude trading lower amid lingering geopolitical tensions

Crude Oil Movement Crude Oil prices declined 0.13% against the USD for the 24 hour period ending 23:00GMT, closing at 100.69, However, losses in crude oil prices were limited as concerns on the supply outlook of the commodity rose after … Continue reading

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Crude Oil: Crude trading higher ahead of the inventories data

Crude Oil Movement Crude Oil prices advanced marginally against the USD for the 24 hour period ending 23:00GMT, closing at 100.82, as fresh US sanctions on Russia fuelled concerns on the supply outlook of crude oil from the region. However, … Continue reading

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Crude Oil: Crude trading higher this morning, following Friday’s drop

Crude Oil Movement On Friday, Crude Oil prices declined 1.26% against the USD for the period ending 21:00GMT, closing at 100.60, on profit-taking and amid lingering concerns over US crude stockpiles gain. However, losses in the commodity were kept in … Continue reading

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Crude Oil: Crude extends its gains in the morning trading hours

Crude Oil Movement Crude Oil prices advanced 0.29% against the USD for the 24 hour period ending 23:00GMT, closing at 101.87, as growing tensions between Russia and Ukraine raised concerns on the supply outlook of the commodity from the region. … Continue reading

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Crude Oil: US crude supplies advanced to the highest level in 83 years last week, indicated EIA

Crude Oil Movement Crude Oil prices declined 0.35% against the USD for the 24 hour period ending 23:00GMT, closing at 101.58, after the Energy Information Administration (EIA) reported that US crude inventories rose by 3.5 million barrels to 397.6 million … Continue reading

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Crude Oil: Crude trading below its MA’s

Crude Oil Movement Crude Oil prices declined 2.23% against the USD for the 24 hour period ending 23:00GMT, closing at 101.94, amid speculation that a US government report to be released later today might show that crude stockpiles in the … Continue reading

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Crude Oil: Crude snaps gains in the morning session

Crude Oil Movement Crude Oil prices marginally advanced against the USD for the 24 hour period ending 23:00GMT, closing at 104.26, as a strong US CB leading economic indicator bolstered the demand outlook of the commodity in the nation. Meanwhile, … Continue reading

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Crude Oil: EIA reported a 10 million barrels surge in the US crude stockpiles

Crude Oil Movement Crude Oil prices advanced 0.11% against the USD for the 24 hour period ending 23:00GMT, closing at 103.90, as concerns over clashes between pro-Russia militants and Ukrainian forces continued to support prices of crude oil. However, gains … Continue reading

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Crude Oil: API reported a more than expected rise in the US weekly crude supplies

Crude Oil Movement Crude Oil prices advanced 0.29% against the USD for the 24 hour period ending 23:00GMT, closing at 103.78, as escalating tension in Ukraine overshadowed easing concerns on the Libya oil supply. However, the gains in the commodity … Continue reading

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Crude Oil: Crude trading below its MA’s

Crude Oil Movement Crude Oil prices declined 0.54% against the USD for the 24 hour period ending 23:00GMT, closing at 103.48, amid bets that potential return of oil barrels from Libya in the markets could ease concerns on the supply-outlook … Continue reading

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Crude Oil: IEA slashed its forecast for global oil demand by 100,000 barrels a day

Crude Oil Movement On Friday, Crude Oil prices advanced 0.49% against the USD for the period ending 21:00GMT, closing at 103.74, as the latest upbeat US economic data bolstered the demand outlook of the commodity in the nation, known as … Continue reading

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