Crude Oil: US crude inventories rose to the highest level since 1978, indicates EIA

  Crude Oil prices advanced 0.68% against the USD for the 24 hour period ending 23:00GMT, closing at 93.52, as tepid GDP and jobless claims data eased concerns that the US Federal Reserve would begin to gradually scale back its … Continue reading

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Crude Oil: Oil dropped on demand concerns, trading higher this morning

  Crude Oil prices declined 2.27% against the USD for the 24 hour period ending 23:00GMT, closing at 92.89, after the Organization of the Petroleum Exporting Countries (OECD) lowered its global growth forecast and as the International Monetary Fund (IMF) … Continue reading

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Crude Oil: Oil gained on upbeat US economic data; trading lower this morning

  Crude Oil prices jumped 1.15% against the USD for the 24 hour period ending 23:00GMT, closing at 95.05, as an encouraging surge in US housing and consumer confidence data lifted investor sentiment. In the Asian session, at GMT0300, Crude … Continue reading

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Crude Oil: Crude oil reversed its gains this morning

  Crude Oil prices advanced 0.42% against the USD for the 24 hour period ending 23:00GMT, closing at 93.97. In the Asian session, at GMT0300, Crude Oil is trading at 93.71, 0.28% lower from yesterday’s close. Crude oil is expected … Continue reading

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Crude Oil: Trading lower this morning

  Crude Oil prices advanced 0.24% against the USD for the 24 hour period ending 23:00GMT, closing at 94.22, as encouraging US housing and employment data helped lift investor sentiment. In the Asian session, at GMT0300, Crude Oil is trading … Continue reading

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Crude Oil: Oil moving southwards in the Asian session

Crude Oil prices declined 1.79% against the USD for the 24 hour period ending 23:00GMT, closing at 93.99, as the EIA registered a smaller-than-expected drop in crude inventories. Yesterday, the US Energy Information Administration reported that crude supplies declined by … Continue reading

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Crude Oil: Crude oil fell on unexpected increase in US stockpiles

  Crude Oil prices declined 0.96% against the USD for the 24 hour period ending 23:00GMT, closing at 95.70, after data from the American Petroleum Institute (API) indicated that crude oil inventories rose by 532,000 barrels in the week ending … Continue reading

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Crude Oil: Oil trading tad higher this morning ahead of the oil inventory data

  Crude Oil prices advanced 0.73% against the USD for the 24 hour period ending 23:00GMT, closing at 96.63. In the Asian session, at GMT0300, Crude Oil is trading at 96.68, marginally higher from yesterday’s close. Investors eye the crude … Continue reading

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Crude Oil: Oil advanced on rise demand expectations

  On Friday, Crude Oil prices advanced 0.83% against the USD for the period ending 21:00GMT, closing at 95.94, after a better-than-expected rise in the US consumer sentiment index raised optimism over fuel demand. In the Asian session, at GMT0300, … Continue reading

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Crude Oil: Oil slips this morning

  Crude Oil prices advanced 1.06% against the USD for the 24 hour period ending 23:00GMT, closing at 95.15. In the Asian session, at GMT0300, Crude Oil is trading at 95.00, 0.16% lower from yesterday’s close. Crude oil is expected … Continue reading

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Crude Oil: Oil slipped on weak data points from Europe and the US

  Crude Oil prices declined 0.18% against the USD for the 24 hour period ending 23:00GMT, closing at 94.15, following a weak set of economic data from the Euro-zone and the US. However, losses were capped after talks between the … Continue reading

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