Crude Oil: Oil trading higher ahead of Baker Hughes weekly rig count data

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 0.69% against the USD and closed at USD61.69 per barrel, after the American Petroleum Institute (API) reported that US crude oil inventories fell by 7.9 million barrels … Continue reading

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Crude Oil: Oil reverses its gains in the Asian session

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 0.51% against the USD and closed at USD60.58 per barrel, despite reports indicating that a recent deal to curtail global output by OPEC and its allies may … Continue reading

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Crude Oil: Oil extends its losses in the morning session

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 1.15% against the USD and closed at USD60.36 per barrel on Friday, after Baker Hughes reported that the number of active US oil rigs for drilling jumped … Continue reading

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Crude Oil: Oil trading higher, ahead of Baker Hughes weekly rig count data

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 0.36% against the USD and closed at USD61.06 per barrel, amid positive development in the US-China trade deal. In the Asian session, at GMT0400, the pair is … Continue reading

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Crude Oil: Oil trading higher in the morning session

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 0.50% against the USD and closed at USD60.84 per barrel, after the Energy Information Administration (EIA) report indicated that US crude oil stockpiles fell by 1.1 million … Continue reading

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Crude Oil: Oil trading a tad lower, ahead of EIA’s weekly crude oil stockpiles data

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 0.56% against the USD and closed at USD60.54 per barrel, amid hopes that the US-China ‘phase one’ trade deal would boost demand for oil in 2020. In … Continue reading

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Crude Oil: Oil trading slightly lower, ahead of API’s weekly crude oil inventories data

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 0.60% against the USD and closed at USD60.20 per barrel, amid positive developments in the US-China trade deal. Meanwhile, the Energy Information Administration (EIA) projected that crude-oil … Continue reading

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Crude Oil: Oil trading lower in the morning session

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 0.71% against the USD and closed at USD59.92 per barrel on Friday, after the US and China reached a preliminary phase one trade agreement. Meanwhile, fresh figures … Continue reading

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Crude Oil: Oil trading higher, ahead of Baker Hughes weekly rig count data

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 1.02% against the USD and closed at USD59.45 per barrel, after the Organisation of the Petroleum Exporting Countries (OPEC) forecasted a supply deficit next year. In the … Continue reading

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Crude Oil: Oil trading flat in the Asian session

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 0.07% against the USD and closed at USD58.88 per barrel, after the Energy Information Administration (EIA) report indicated that US crude oil stockpiles unexpectedly rose by 0.8 … Continue reading

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Crude Oil: Oil trading lower, ahead of EIA’s weekly crude oil stockpiles data

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 0.15% against the USD and closed at USD59.08 per barrel, following reports of discussions between the US and China negotiators over a delay in fresh round of … Continue reading

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