Crude Oil: Oil dropped as US stockpiles increased more-than-expected

  Crude Oil prices declined 0.51% against the USD for the 24 hour period ending 23:00GMT, closing at 90.43, as a larger-than-expected rise in the US inventories dented investor sentiment. Yesterday, the US Energy Information Administration reported that, for the … Continue reading

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Crude Oil: Trading higher this morning

  Crude Oil prices advanced 0.59% against the USD for the 24 hour period ending 23:00GMT, closing at 90.89, as investor sentiment improved following positive economic data from Europe and the US. Late yesterday, the American Petroleum Institute (API) reported … Continue reading

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Crude Oil: Oil continues previous session losses

  Crude Oil prices declined 0.32% against the USD for the 24 hour period ending 23:00GMT, closing at 90.36. In the Asian session, at GMT0400, Crude Oil is trading at 90.28, marginally lower from yesterday’s close. Investors await the oil … Continue reading

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Crude Oil: Oil dropped on weak economic cues from China, Euro-zone

  On Friday, Crude Oil prices declined 1.22% against the USD for the 24 hour period ending 24:00GMT, closing at 90.68, as disappointing Chinese manufacturing data and record euro-zone unemployment figures raised demand concerns. In the Asian session, at GMT0400, … Continue reading

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Crude Oil: Oil trading lower as Chinese PMI disappoints

  Crude Oil prices declined 1.28% against the USD for the 24 hour period ending 23:00GMT, closing at 91.80, as investor sentiment dented after the US fourth-quarter gross domestic product came in below market expectations. In the Asian session, at … Continue reading

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Crude Oil: Crude oil gained following lower-than-expected rise in crude stockpiles

  Crude Oil prices advanced 0.28% against the USD for the 24 hour period ending 23:00GMT, closing at 92.99, as the EIA revealed that US crude inventories rose less-than-expected last week. Yesterday, the US Energy Information Administration reported that, in … Continue reading

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Crude Oil: Oil lifted by positive US economic data; trading lower this morning

  Crude Oil prices advanced 0.64% against the USD for the 24 hour period ending 23:00GMT, closing at 92.73, as upbeat US consumer confidence and new home sales data helped lift investor sentiment. Late Tuesday, the American Petroleum Institute reported … Continue reading

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Crude Oil: Oil fell as weak Chinese PMI raised demand concerns; trading higher this morning

  Crude Oil prices declined 1.08% against the USD for the 24 hour period ending 23:00GMT, closing at 92.14, as a slowdown in Chinese manufacturing activity raised concerns over oil demand. In the Asian session, at GMT0400, Crude Oil is … Continue reading

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Crude Oil: Oil prices buoyed by encouraging German business optimism data; trading lower this morning

  On Friday, Crude Oil prices advanced marginally against the USD for the 24 hour period ending 24:00GMT, closing at 93.13, as investor sentiment was lifted after German business optimism rose sharply in February, raising hopes that the country would … Continue reading

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Crude Oil: Oil pressured on surging inventories, weak European economic data; trading higher this morning

  Crude Oil prices declined 1.87% against the USD for the 24 hour period ending 23:00GMT, closing at 93.06, after the EIA reported a larger-than-expected rise in crude stock piles, while the Euro-zone’s economic data disappointed investors. Yesterday, the Energy … Continue reading

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Crude Oil: Oil prices plunge on rising stockpiles in the US and easing supply concerns from Middle East

  Crude Oil prices dropped 1.95% against the USD for the 24 hour period ending 23:00GMT, closing at 94.83, amid market rumours that a hedge fund was forced to liquidate substantial commodity positions. Meanwhile, expectations that Saudi Arabia intends to … Continue reading

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