Crude Oil: API reported a less than expected rise in the US weekly crude inventories

Crude Oil Movement Crude Oil prices advanced 0.38% against the USD for the 24 hour period ending 23:00GMT, closing at 93.34, as the greenback weakened, following dovish speeches from two of the top Fed policymakers. Meanwhile, late Tuesday, the American … Continue reading

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

Crude Oil Movement Crude Oil prices declined 0.83% against the USD for the 24 hour period ending 23:00GMT, closing at 92.99, amid worries that oil demand could weaken after US Federal Reserve policy maker suggested the central bank may taper … Continue reading

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Crude Oil: Saudi Arabia crude export rose the most in eight years in September

Crude Oil Movement On Friday, Crude Oil prices declined 0.22% against the USD for the period ending 21:00GMT, closing at 93.73, as an un expected decline in the US industrial production data for October, triggered a sell-off in the commodity. … Continue reading

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

Crude Oil Movement Crude Oil prices advanced 0.35% against the USD for the 24 hour period ending 23:00GMT, closing at 93.94 after the International Energy Agency (IEA) reported that oil production in the Organization of the Petroleum Exporting Countries (OPEC) … Continue reading

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Crude Oil: API reported a 599,000 barrels increase in the US crude supplies for the last week

Crude Oil Movement Crude Oil prices advanced 0.55% against the USD for the 24 hour period ending 23:00GMT, closing at 93.61, as fresh concerns over the supply outlook from the Middle East region were fuelled after a spokesman for state-run … Continue reading

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Crude Oil: OPEC boosted its global demand forecast for 2014

Crude Oil Movement Crude Oil prices declined 2.00% against the USD for the 24 hour period ending 23:00GMT, closing at 93.10, amid lingering concerns over a pull-back in the Fed’s stimulus measures. The commodity also faced some pressure after the … Continue reading

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Crude Oil: Crude reverses its direction in the Asian session

Crude Oil prices advanced 0.38% against the USD for the 24 hour period ending 23:00GMT, closing at 95.00. Crude prices received some support from escalating tensions over the supply outlook from the Middle East region after reports indicated that talks … Continue reading

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Crude Oil: Crude trading higher, following Friday’s losses

Crude Oil Movement On Friday, Crude Oil prices declined 0.06% against the USD for the period ending 21:00GMT, closing at 94.35, after the US Dollar gained ground against major counterparts following a strong growth in the US non-farm employment data. … Continue reading

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Crude Oil: Crude trading marginally higher, with focus on Iran’s nuclear talks

Crude Oil Movement Crude Oil prices declined 0.47% against the USD for the 24 hour period ending 23:00GMT, closing at 94.41, as a stronger dollar and concerns over Iranian nuclear talks, triggered a sell-off in the commodity. However, the losses … Continue reading

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

Crude Oil prices advanced 1.27% against the USD for the 24 hour period ending 23:00GMT, closing at 94.86, following weakness in the US dollar. Positive sentiment was also fuelled after the Energy Information Administration (EIA) reported that motor fuel consumption … Continue reading

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Crude Oil: US crude supplies rose 871,000 barrels during the previous week, reports API

Crude Oil Movement Crude Oil prices declined 0.86% against the USD for the 24 hour period ending 23:00GMT, closing at 93.67. Late Tuesday, the American Petroleum Institute (API) reported that the US crude supplies rose 871,000 barrels during the week … Continue reading

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