Crude Oil: Crude reverses its direction in the Asian session

Crude Oil Movement Crude Oil prices declined 0.17% against the USD for the 24 hour period ending 23:00GMT, closing at 94.48, as supply concerns in the Middle East region eased after Libya’s National Oil Corp stated that loadings at Hariga … Continue reading

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Crude Oil: Crude steady in the Asian session

Crude Oil Movement On Friday, Crude Oil prices declined 1.79% against the USD for the period ending 21:00GMT, closing at 94.61, as the demand prospect of the dollar-denominated commodity came under pressure, after the US Dollar advanced against most of … Continue reading

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Crude Oil: Crude pares losses buoyed by upbeat Chinese manufacturing PMI data

Crude Oil Movement Crude Oil prices declined 0.31% against the USD for the 24 hour period ending 23:00GMT, closing at 96.33, as a more-than-expected surge in the level of US crude stockpiles weighed on the demand outlook for the commodity. … Continue reading

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Crude Oil: EIA reported a more than expected rise in the US crude supplies for a sixth straight week

Crude Oil Movement Crude Oil prices declined 0.94% against the USD for the 24 hour period ending 23:00GMT, closing at 96.63, after the Energy Information Administration (EIA) reported that the US crude supplies rose 4.1 million barrels for the week … Continue reading

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

Crude Oil prices declined 0.94% against the USD for the 24 hour period ending 23:00GMT, closing at 97.55, hurt by a stronger dollar. Negative sentiment was also fuelled after American Petroleum Institute (API), reported a 5.9 million barrels rise in … Continue reading

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Crude Oil: Crude gives up former gains amid easing supply concerns from Libya

Crude Oil Movement Crude Oil prices advanced 0.86% against the USD for the 24 hour period ending 23:00GMT, closing at 98.48. In the Asian session, at GMT0400, Crude Oil is trading at 98.46, tad lower from yesterday’s close, as supply … Continue reading

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Crude Oil: Investors await outcome of Fed Policy meeting and Iran talks

Crude Oil Movement On Friday, Crude Oil prices advanced 0.66% against the USD for the period ending 21:00GMT, closing at 97.86, as a more-than-expected rise in the US durable goods orders during September, bolstered the demand prospect of the commodity … Continue reading

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Crude Oil: Crude oil extends its wining streak in the morning session

Crude Oil Movement Crude Oil prices advanced 0.12% against the USD for the 24 hour period ending 23:00GMT, closing at 97.22, after a report showed that manufacturing activities in China, world’s second largest consumer of crude oil, rose more than … Continue reading

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Crude Oil: EIA reported a more-than-expected surge in the weekly US crude stockpiles

Crude Oil Movement Crude Oil prices declined 1.08% against the USD for the 24 hour period ending 23:00GMT, closing at 97.10, after the Energy Information Administration (EIA) reported that the US crude stockpiles climbed more than expected 5.25 million barrels … Continue reading

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Crude Oil: API reported a 3 million barrels rise in the US crude stockpiles during the earlier week

Crude Oil Movement Crude Oil prices declined 0.89% against the USD for the 24 hour period ending 23:00GMT, closing at 98.16. Late Tuesday, the American Petroleum Institute (API) reported that the US crude inventories rose 3 million barrels during the … Continue reading

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Crude Oil: Crude stockpiles rose to a 15-week high in the US, indicates EIA

Crude Oil Movement Crude Oil prices declined 1.73% against the USD for the 24 hour period ending 23:00GMT, closing at 99.04, after the Energy Information Administration (EIA) reported that the US crude supplies surged by 4 million barrels to 374.5 … Continue reading

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