Crude Oil: US crude oil inventories rises less-than-expected, indicates EIA

  Crude Oil prices advanced 0.54% against the USD for the 24 hour period ending 23:00GMT, closing at 94.49. The US Energy Information Administration (EIA) reported that, crude oil supplies increased 0.3 million barrels for the week ending April 5, … Continue reading

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Crude Oil: EIA cut its growth forecast for oil demand for 2013 and 2014

Crude Oil prices advanced 0.64% against the USD for the 24 hour period ending 23:00GMT, closing at 93.98. In the Asian session, at GMT0300, Crude Oil is trading at 93.89, 0.10% lower from yesterday’s close. Oil pared its previous session … Continue reading

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Crude Oil: Oil trading higher in the Asian session

  Crude Oil prices advanced 0.56% against the USD for the 24 hour period ending 23:00GMT, closing at 93.38, following the failure of nuclear talks between world powers and Iran and amid conflicts in Nigeria. On Saturday, Iran and a … Continue reading

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Crude Oil: Oil lower on weak economic data

  On Friday, Crude Oil prices declined 0.46% against the USD for the 24 hour period ending 24:00GMT, closing at 93.02, as downbeat economic data from the US and Canada dampened demand prospects for the fuel. In the Asian session, … Continue reading

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Crude Oil: Crude oil dropped as investor risk appetite waned

  Crude Oil prices declined 1.08% against the USD for the 24 hour period ending 23:00GMT, closing at 93.46, as investors risk appetite decreased following comments from the European Central Bank’s President on downside risks to the region’s economic recovery. … Continue reading

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Crude Oil: Oil slipped as US crude stockpiles rose to a 22-year high

  Crude Oil prices declined 2.32% against the USD for the 24 hour period ending 23:00GMT, closing at 94.47, after the US Energy Information Administration (EIA) registered the highest jump in 22 years in US crude stockpiles. The US EIA … Continue reading

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Crude Oil: Oil dropped as API oil inventories climbed

  Crude Oil prices declined 0.31% against the USD for the 24 hour period ending 23:00GMT, closing at 96.71, as the American Petroleum Institute reported that crude supplies rose 4.7 million barrels for the week ended March 29. However, gasoline … Continue reading

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Crude Oil: Oil trading lower this morning

  Crude Oil prices declined 0.20% against the USD for the 24 hour period ending 23:00GMT, closing at 97.01, on concerns over the shutdown of a US pipeline in the key Gulf Coast refining region. Investors now await for the … Continue reading

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Crude Oil: Oil trading lower in the Asian session

  Crude Oil prices advanced 0.53% against the USD for the 24 hour period ending 23:00GMT, closing at 96.67. However, gains were limited after the US Energy Information Administration reported that crude supplies rose 3.3 million barrels for the week … Continue reading

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Crude Oil: Oil gained on upbeat US durable goods data

  Crude Oil prices advanced 1.46% against the USD for the 24 hour period ending 23:00GMT, closing at 96.16, as a surge in US durable goods orders raised optimism over the demand for oil. Late yesterday, the American Petroleum Institute … Continue reading

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Crude Oil: Oil advanced as risk appetite increased following Cyprus deal

  Crude Oil prices advanced 1.13% against the USD for the 24 hour period ending 23:00GMT, closing at 94.78, as prospects for oil started to look brighter after Cyprus secured a €10 billion bailout financing and avoided economic collapse. Separately, … Continue reading

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