Crude Oil: Crude pares gains in the Asian session

Crude Oil Movement On Friday, Crude Oil prices rallied 2.08% against the USD for the period ending 21:00GMT, closing at 99.95, after a decline in the US unemployment level to a five year low, renewed optimism about the recovery of … Continue reading

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

Crude Oil Movement Crude Oil prices advanced 0.56% against the USD for the 24 hour period ending 23:00GMT, closing at 97.91, as the latest batch of upbeat economic data from the US bolstered the demand outlook of the commodity in … Continue reading

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Crude Oil: Weekly US crude stockpiles rose less than analysts’ expectations, indicated EIA.

Crude Oil Movement Crude Oil prices declined 0.41% against the USD for the 24 hour period ending 23:00GMT, closing at 97.36. Yesterday, the Energy Information Administration (EIA) reported a 440,000 barrels rise in the US crude stockpiles for the week … Continue reading

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Crude Oil: US crude oil inventory rose less than expected, indicates API

Crude Oil Movement Crude Oil prices advanced 1.14% against the USD for the 24 hour period ending 23:00GMT, closing at 97.76, amid speculation that an extreme cold weather in the US could boost the demand for the commodity. Late Tuesday, … Continue reading

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Crude Oil: Crude trading below its MA’s

Crude Oil Movement Crude Oil prices declined 0.63% against the USD for the 24 hour period ending 23:00GMT, closing at 96.66, after a weak US manufacturing data dampened the demand-outlook of the commodity. However, fresh violence in Iraq and Syria … Continue reading

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Crude Oil: Crude continues to trade lower in the morning session

Crude Oil Movement On Friday, Crude Oil prices declined 0.53% against the USD for the period ending 21:00GMT, closing at 97.47, as the greenback strengthened. In the Asian session, at GMT0400, Crude Oil is trading at 97.11, 0.37% lower from … Continue reading

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Crude Oil: Oil tad higher this morning

Crude Oil Movement Crude Oil prices advanced 0.61% against the USD for the 24 hour period ending 23:00GMT, closing at 97.99, amid an encouraging economic growth data from the US, even as the greenback strengthened against its key peer currencies … Continue reading

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Crude Oil: Crude Oil continues to trade higher today

Crude Oil Movement Crude Oil prices advanced 0.25% against the USD for the 24 hour period ending 23:00GMT, closing at 97.40. Yesterday, the Energy Information Administration reported that the US crude oil inventories jumped 6.4 million barrels for the week … Continue reading

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Crude Oil: API reports rise in US crude stockpiles

Crude Oil Movement Crude Oil prices advanced 1.58% against the USD for the 24 hour period ending 23:00GMT, closing at 97.16, after robust US consumer confidence data lifted demand growth prospects for oil. However, gains were capped after the American … Continue reading

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Crude Oil: Crude oil rebounds in the Asian session after yesterday’s fall

Crude Oil Movement Crude Oil prices declined 1.46% against the USD for the 24 hour period ending 23:00GMT, closing at 95.65, amid concerns of a further reduction in the US central bank stimulus. In the Asian session, at GMT0400, Crude … Continue reading

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Crude Oil: Oil extends its losses in the Asian session

Crude Oil Movement On Friday, Crude Oil prices declined 0.42% against the USD for the period ending 21:00GMT, closing at 96.93, as persistent concerns over the economic outlook in emerging markets dampened the appeal of the commodity. Meanwhile, prices received … Continue reading

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