Crude Oil: Crude continues to trade above $108 level

Crude Oil Movement Crude Oil prices advanced 2.59% against the USD for the 24 hour period ending 23:00GMT, closing at 108.27, buoyed by Energy Information Administration’s (EIA) announcement that the US crude stockpiles fell more-than-expected 4.4 million barrels during the … Continue reading

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Crude Oil: Crude pares losses in the morning session

Crude Oil Movement Crude Oil prices declined 0.48% against the USD for the 24 hour period ending 23:00GMT, closing at 105.54, as lingering optimism on the US-Russia deal for disarming Syrian regime of its chemical weapon and a recovery in … Continue reading

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Crude Oil: Crude extends its decline in the Asian session

Crude Oil Movement Crude Oil prices declined 1.09% against the USD for the 24 hour period ending 23:00GMT, closing at 106.05, as investors continued to cheer plans to avert a possible US military strike over Syria, which in turn eased … Continue reading

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Crude Oil: Crude Oil lower as traders digested weak US economic data

Crude Oil Movement On Friday, Crude Oil prices declined 0.10% against the USD for the period ending 21:00GMT, closing at 108.55, as the latest batch of dismal economic releases from the US weighed on the demand prospect of the crude … Continue reading

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Crude Oil: Crude advanced buoyed by IEA’s upbeat demand forecast, pares gains in the Asian session

Crude Oil Movement Crude Oil prices advanced 0.91% against the USD for the 24 hour period ending 23:00GMT, closing at 108.66, as investors cheered International Energy Agency’s (IEA) upbeat forecast for global oil demand next year. However, a stronger dollar … Continue reading

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Crude Oil: Crude gives up ground as supply concerns eases on Naimi’s comments

Crude Oil Movement Crude Oil prices advanced 0.35% against the USD for the 24 hour period ending 23:00GMT, closing at 107.68. However, the gains were kept in check after the Energy Information Administration reported that the US crude oil supplies … Continue reading

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Crude Oil: Crude continues to fall as supply concerns wanes

Crude Oil Movement Crude Oil prices declined 1.09% against the USD for the 24 hour period ending 23:00GMT, closing at 107.30, as concerns over the supply outlook of the commodity from the Middle East region eased after the Syrian regime … Continue reading

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Crude Oil: Crude pares losses in the Asian session

Crude Oil Movement Crude Oil prices declined 1.42% against the USD for the 24 hour period ending 23:00GMT, closing at 108.48, as supply concern of the commodity from the Middle East eased following reports that highlighted US’s decision to examine … Continue reading

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Crude Oil: Crude extends its rally in the Asian session

Crude Oil Movement On Friday, Crude Oil prices advanced 1.72% against the USD for the period ending 21:00GMT, closing at 110.31 as a weakness in dollar following a lackluster US nonfarm payrolls report, bolstered the demand outlook of the commodity. … Continue reading

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Crude Oil: Crude oil advances following EIA data, pares gains in the Asian session

Crude Oil Movement Crude Oil prices advanced 1.05% against the USD for the 24 hour period ending 23:00GMT, closing at 108.45, as lingering concern over a possible US military strike on Syria, continued to dampen the supply outlook of the … Continue reading

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Crude Oil: Crude Oil seen rising in the Asian hours amid concerns over Syria

Crude Oil Movement Crude Oil prices declined 1.06% against the USD for the 24 hour period ending 23:00GMT, closing at 107.32. However the losses were capped on speculation that a limited military strike from the US on Syria could disrupt … Continue reading

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