Crude Oil: Crude trading lower ahead of API data

Crude Oil Movement Crude Oil prices advanced 0.23% against the USD for the 24 hour period ending 23:00GMT, closing at 102.61, as production outages in Libya and fresh round of bombing and shooting in Iraq weighed on the supply-outlook of … Continue reading

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Crude Oil: Crude reverses its direction in the Asian trading hours

Crude Oil Movement On Friday, Crude Oil prices declined 0.54% against the USD for the period ending 21:00GMT, closing at 102.25, as traders continued to digest a rise in the weekly EIA crude supply data for the week ended 14 … Continue reading

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Crude Oil: EIA reported a less than expected rise in the US weekly crude supplies

Crude Oil Movement Crude Oil prices declined 0.67% against the USD for the 24 hour period ending 23:00GMT, closing at 102.80 after the Energy Information Administration (EIA) reported 973,000 barrels rise in the US crude supplies to 362.3 million, the … Continue reading

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Crude Oil: API reports an unexpected drop in the US weekly crude supplies

Crude Oil Movement Crude Oil prices advanced 0.44% against the USD for the 24 hour period ending 23:00GMT, closing at 103.49. However, a stronger US Dollar capped the gains of the commodity. Late Wednesday, the American Petroleum Institute (API) reported … Continue reading

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Crude Oil: Crude trading lower this morning, following yesterday’s rally

Crude Oil Movement Crude Oil prices advanced 2.17% against the USD for the 24 hour period ending 23:00GMT, closing at 103.04, as a weaker US Dollar and a cold weather in the US bolstered the demand outlook of the commodity. … Continue reading

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Crude Oil: Crude trims gains in the morning session but still remains above $100 per barrel range

Crude Oil Movement Crude Oil prices advanced 0.56% against the USD for the 24 hour period ending 23:00GMT, closing at 100.85, as harsh winter conditions in the US bolstered the demand-outlook of the commodity in the nation. In the Asian … Continue reading

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Crude Oil: Crude extends its direction in the Asian session

Crude Oil Movement On Friday, Crude Oil prices advanced 0.06% against the USD for the period ending 21:00GMT, closing at 100.32, buoyed by a weakness in the US Dollar. However, an unexpected fall in the US industrial and manufacturing data … Continue reading

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Crude Oil: Crude trading tad higher in the Asian trading hours

Crude Oil Movement Crude Oil prices advanced marginally against the USD for the 24 hour period ending 23:00GMT, closing at 100.26, as higher demand prospects due to a cold weather in the US more than offset the nation’s dismal economic … Continue reading

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

Crude Oil Movement Crude Oil prices declined 0.17% against the USD for the 24 hour period ending 23:00GMT, closing at 100.23, after the Energy Information Administration (EIA) reported a more-than-expected rise in the US crude supplies by 3.3 million barrels, … Continue reading

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Crude Oil: EIA lowered its crude production projection for 2014 and 2015

Crude Oil Movement Crude Oil prices advanced 0.34% against the USD for the 24 hour period ending 23:00GMT, closing at 100.40, after the Energy Information Administration (EIA) slashed its 2014 crude oil production forecast by 100,000 barrels per day to … Continue reading

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Crude Oil: Crude reverses its direction in the Asian trading hours

Crude Oil Movement Crude Oil prices declined 0.25% against the USD for the 24 hour period ending 23:00GMT, closing at 100.06. An industry report showed that oil production from the Organization of the Petroleum Exporting Countries (OPEC) edged higher in … Continue reading

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