Crude Oil: Crude continues to trade higher in the Asian session

Crude Oil Movement Crude Oil prices advanced 0.90% against the USD for the 24 hour period ending 23:00GMT, closing at 100.16, after data showed that inventories at Cushing, Oklahoma, decreased for an eighth week, last week. Crude prices also found … Continue reading

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Crude Oil: Crude trading higher ahead of the EIA weekly report

Crude Oil Movement Crude Oil prices declined 0.09% against the USD for the 24 hour period ending 23:00GMT, closing at 99.28, after the American Petroleum Institute reported that US crude stockpiles rose 6.3 million barrels last week, as compared to … Continue reading

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Crude Oil: Crude extends its gains in the morning session

Crude Oil Movement Crude Oil prices advanced 0.15% against the USD for the 24 hour period ending 23:00GMT, closing at 99.37, after media reports showed that a collision between vessels lead to an oil spill into the Houston Ship Channel … Continue reading

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Crude Oil: Crude trading lower following a weak Chinese manufacturing PMI data

Crude Oil Movement On Friday, Crude Oil prices advanced 0.78% against the USD for the period ending 21:00GMT, closing at 99.46, amid a weakness in the US Dollar. Meanwhile, fresh US and European sanctions on Russia weighed on the supply … Continue reading

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Crude Oil: Crude trading below its MA’s

Crude Oil Movement Crude Oil prices declined 1.70% against the USD for the 24 hour period ending 23:00GMT, closing at 98.69, as lingering concerns on rising US crude stockpiles and a stronger US Dollar weighed on the demand prospect of … Continue reading

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Crude Oil: EIA reported a more than expected rise in its US weekly crude stockpiles data

Crude Oil Movement Crude Oil prices advanced 0.99% against the USD for the 24 hour period ending 23:00GMT, closing at 100.41, after an official report revealed that the inventories at Cushing, Oklahoma, the delivery point for the contract, dropped for … Continue reading

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Crude Oil: Oil trading tad higher this morning

Crude Oil Movement Crude Oil prices advanced 1.45% against the USD for the 24 hour period ending 23:00GMT, closing at 99.44, as data pointed to a stabilisation in the US housing sector and after Enterprise Products Partners LP announced an … Continue reading

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Crude Oil: Crude trading lower as traders digested sanctions on Russia

Crude Oil Movement Crude Oil prices declined 1.10% against the USD for the 24 hour period ending 23:00GMT, closing at 98.03, amid speculation that Crimea’s vote to join Russia and the US and European Union’s sanction against Russia would not … Continue reading

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Crude Oil: IEA raises its demand outlook for global oil demand

Crude Oil Movement On Friday, Crude Oil prices advanced 0.74% against the USD for the period ending 21:00GMT, closing at 98.89, as tensions in Ukraine weighed on the supply outlook of the commodity. Positive sentiment was also fuelled after the … Continue reading

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Crude Oil: Crude trading tad higher 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 98.14, amid lingering concerns on Ukraine crisis. Meanwhile crude prices were supported after upbeat data from the US raised expectations … Continue reading

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

Crude Oil Movement Crude Oil prices declined 1.35% against the USD for the 24 hour period ending 23:00GMT, closing at 98.13, after the Energy Information Administration (EIA) reported a 6.2 million barrels jump in the US crude stockpiles for the … Continue reading

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