Crude Oil: Crude trading above both its MA’s

Crude Oil Movement Crude Oil prices advanced 0.99% against the USD for the 24 hour period ending 23:00GMT, closing at 98.69. In the Asian session, at GMT0400, Crude Oil is trading at 98.87, 0.18% higher from yesterday’s close amid continued … Continue reading

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Crude Oil: US Crude inventories slid last week, EIA

Crude Oil Movement Crude Oil prices advanced 0.41% against the USD for the 24 hour period ending 23:00GMT, closing at 97.72, after the Federal Reserve announced that it would start scaling back its bond-buying programme from next month, which indicated … Continue reading

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Crude Oil: API reports decline in US crude inventories

Crude Oil Movement Crude oil prices marginally declined against the USD for the 24 hour period ending 23:00GMT, closing at 97.32. However, losses were capped after the American Petroleum Institute (API) reported a 2.5 million-barrel fall in US crude supplies … Continue reading

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Crude Oil: Crude price reverses its gains in the Asian session

Crude Oil Movement Crude Oil prices advanced 0.65% against the USD for the 24 hour period ending 23:00GMT, closing at 97.35, after encouraging data from the Euro-zone offered signals that the region’s economy is on the mend and as supply … Continue reading

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Crude Oil: Crude oil trading below its MA’s

Crude Oil Movement On Friday, Crude Oil prices declined 1.04% against the USD for the period ending 21:00GMT, closing at 96.47, on rising speculation that the Federal Reserve would announce a pullback in its bond-buying program in its policy meeting. … Continue reading

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Crude Oil: Crude pares its losses this morning

Crude Oil Movement Crude oil prices marginally declined against the USD for the 24 hour period ending 23:00GMT, closing at 97.48, as upbeat retail sales numbers in the nation strengthened the case for the Federal Reserve to start easing back … Continue reading

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Crude Oil: EIA reported a more than expected fall in the US weekly crude inventories

Crude Oil Movement Crude Oil prices declined 1.13% against the USD for the 24 hour period ending 23:00GMT, closing at 97.51. However, the losses were capped after the US Energy Information Administration (EIA) reported the biggest weekly decline in nearly … Continue reading

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Crude Oil: OPEC’s crude production in November dropped to the lowest level since May 2011

Crude Oil Movement Crude Oil prices advanced 1.28% against the USD for the 24 hour period ending 23:00GMT, closing at 98.62, amid a broad decline in the US Dollar. Price of crude oil rose further after the American Petroleum Institute … Continue reading

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Crude Oil: Crude trading higher in the Asian session, following yesterday’s sell-off

Crude Oil Movement Crude Oil prices declined 0.40% against the USD for the 24 hour period ending 23:00GMT, closing at 97.37, after three eminent Fed officials stated that the central bank could begin tapering down its stimulus program at its … Continue reading

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Crude Oil: Crude trading higher in the Asian trading hours

Crude Oil Movement On Friday, Crude Oil prices advanced 0.27% against the USD for the period ending 21:00GMT, closing at 97.70, as an upbeat rise in the US employment data bolstered the demand outlook of the commodity in the nation, … Continue reading

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Crude Oil: Oil prices showing convergence with both its MA’s

Crude Oil Movement Crude Oil prices advanced 0.25% against the USD for the 24 hour period ending 23:00GMT, closing at 97.44, as upbeat US economic data indicated resurgent demand in the world’s biggest economy. In the Asian session, at GMT0400, … Continue reading

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