Crude Oil: EIA reveals a decline in US crude oil inventories

Crude Oil Movement Crude Oil prices advanced 0.35% against the USD for the 24 hour period ending 23:00GMT, closing at 97.20, after the US Energy Information Administration (EIA) indicated that crude supplies unexpectedly fell by 5.6 million barrels for the … Continue reading

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Crude Oil: Oil prices is trading higher ahead of the OPEC meeting

Crude Oil Movement Crude Oil prices advanced 3.14% against the USD for the 24 hour period ending 23:00GMT, closing at 96.86, after the American Petroleum Institute (API) reported that the crude inventories shrank by 12.4 million barrels last week. In … Continue reading

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Crude Oil: Crude extends its gains in the Asian trading hours

Crude Oil prices advanced 1.22% against the USD for the 24 hour period ending 23:00GMT, closing at 93.91, as the latest batch of upbeat manufacturing PMI data from the US, the Euro-zone and China, bolstered the demand-outlook of the commodity. … Continue reading

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Crude Oil: OPEC crude production dropped to a two-year low in November

Crude Oil Movement On Friday, Crude Oil prices advanced 0.81% against the USD for the period ending 21:00GMT, closing at 93.05, as a weaker US Dollar bolstered the demand outlook of the dollar-denominated commodity. In the Asian session, at GMT0400, … Continue reading

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Crude Oil: Crude oil tad lower this morning

Crude Oil Movement Crude Oil prices advanced marginally against the USD for the 24 hour period ending 23:00GMT, closing at 92.30. In the Asian session, at GMT0400, Crude Oil is trading at 92.25, slightly lower from yesterday’s close. Crude oil … Continue reading

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

Crude Oil Movement Crude Oil prices declined 1.37% against the USD for the 24 hour period ending 23:00GMT, closing at 92.25, after the Energy Information Administration (EIA) reported that the US crude supplies rose 2.95 million barrels to 391.4 million, … Continue reading

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Crude Oil: API reported a 6.92 million barrels rise in the US crude stockpiles

Crude Oil Movement Crude Oil prices declined 0.78% against the USD for the 24 hour period ending 23:00GMT, closing at 93.53, after the American Petroleum Institute reported that the US crude supplies rose by 6.92 million barrels during the week … Continue reading

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Crude Oil: Crude trading marginally higher in the morning session

Crude Oil Movement Crude Oil prices advanced 0.43% against the USD for the 24 hour period ending 23:00GMT. In the Asian session, at GMT0400, Crude Oil is trading at 94.30, marginally higher from yesterday’s close. Crude oil is expected to … Continue reading

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Crude Oil: Crude trading lower amid waning supply concerns

Crude Oil Movement On Friday, Crude Oil prices declined 0.51% against the USD for the period ending 21:00GMT, closing at 94.79. In the Asian session, at GMT0400, Crude Oil is trading at 94.00, 0.83% lower from Friday’s close, as concerns … Continue reading

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Crude Oil: Crude trading lower in the Asian trading hours

Crude Oil Movement Crude Oil prices advanced 1.58% against the USD for the 24 hour period ending 23:00GMT, closing at 95.28, after reports showed that optimism for a nuclear deal with Iran waned. The Iranian Deputy Foreign Minister, Abbas Araghchi, … Continue reading

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Crude Oil: Crude pares its gains in the Asian session

Crude Oil Movement Crude Oil prices advanced 0.49% against the USD for the 24 hour period ending 23:00GMT, closing at 93.80, after the Energy Information Administration (EIA) reported a less-than-expected 375,000 barrels increase in the US crude stockpiles for the … Continue reading

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