Crude Oil: Oil production from the OPEC fell by more than a half-million barrels to 29.6 million barrels last month

Crude Oil Movement Crude Oil prices declined 0.12% against the USD for the 24 hour period ending 23:00GMT, closing at 103.26 amid mounting concerns over China’s demand outlook. However, lingering tension in Ukraine kept the commodity’s losses in check. Oil … Continue reading

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Crude Oil: EIA reported a more than expected rise in the US crude supplies last week

Crude Oil Movement Crude Oil prices advanced 1.02% against the USD for the 24 hour period ending 23:00GMT, closing at 103.37, amid broad weakness in the US Dollar and lingering tensions between Russia and the West over Ukraine. Oil prices … Continue reading

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Crude Oil: EIA upgraded its average price projection for crude and slashed its estimates on US crude production

Crude Oil Movement Crude Oil prices advanced 1.53% against the USD for the 24 hour period ending 23:00GMT, closing at 102.33, as a weaker US Dollar bolstered the demand-outlook while tensions in Ukraine weighed on the supply prospect of the … Continue reading

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Crude Oil: Crude reverses its direction in the morning session

Crude Oil Movement Crude Oil prices declined 0.26% against the USD for the 24 hour period ending 23:00GMT, closing at 100.79, as concerns on the supply-outlook of the commodity eased after media reports showed that Libyan rebels surrendered control of … Continue reading

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Crude Oil: Crude snaps gains in the Asian session

Crude Oil Movement On Friday, Crude Oil prices advanced 0.80% against the USD for the period ending 21:00GMT, closing at 101.14, as investors doubted reports that the Libyan ports were about to reopen. Meanwhile, crude prices further received support after … Continue reading

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Crude Oil: Crude trading above its MA’s

Crude Oil Movement Crude Oil prices advanced 1.05% against the USD for the 24 hour period ending 23:00GMT, closing at 100.36, amid lingering concerns over talks between the Libyan government and rebels for reopening oil ports in the nation. Crude … Continue reading

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Crude Oil: EIA reported an unexpected drop in the weekly US crude stockpiles

Crude Oil Movement Crude Oil prices declined 0.31% against the USD for the 24 hour period ending 23:00GMT, closing at 99.31, amid concerns of over-supply in the market after Libyan rebels clinched a deal with the nation’s Government, paving the … Continue reading

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Crude Oil: API reported a surprise fall in the US weekly crude inventories

Crude Oil Movement Crude Oil prices declined 1.78% against the USD for the 24 hour period ending 23:00GMT, closing at 99.61, hurt by a mixed batch of Chinese manufacturing PMI data and a lacklustre rise in the US ISM manufacturing … Continue reading

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Crude Oil: Crude trading lower amid concerns on China’s demand-outlook

Crude Oil Movement Crude Oil prices marginally advanced against the USD for the 24 hour period ending 23:00GMT, closing at 101.42. However, the gains were pared after the Chicago purchasing managers’ index declined more-than-expected in March and as concerns on … Continue reading

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Crude Oil: Crude pares its gains in the Asian session

Crude Oil Movement On Friday, Crude Oil prices advanced 0.31% against the USD for the period ending 21:00GMT, closing at 101.67 as an upbeat rise in the US consumer spending for February bolstered the demand-outlook of the commodity in the … Continue reading

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Crude Oil: Crude continues to trade higher in the morning trading session

Crude Oil Movement Crude Oil prices advanced 1.19% against the USD for the 24 hour period ending 23:00GMT, closing at 101.37, as a strong US GDP data bolstered the demand outlook of the commodity in the nation. Meanwhile lingering concerns … Continue reading

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