Crude Oil: Crude oil losing ground in the Asian session

Crude Oil prices traded flat against the USD for the 24 hour period ending 23:00GMT, closing at 92.77. Oil prices came under pressure after the US Federal Reserve policy makers signaled that they may end a stimulus program this year, … Continue reading

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Crude Oil: Oil prices surges as US House passes budget bill; Market awaits US inventory reports

Crude Oil prices advanced 1.18% against the USD for the 24 hour period ending 23:00GMT, closing at 92.73, amid rise in demand prospects after the US lawmakers reached a deal to avert automatic tax increases and spending cuts that threatened … Continue reading

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Crude Oil: Oil trading above $92 per barrel on positive China data

On Monday, Crude Oil prices advanced 1.24% against the USD for the 24 hour period ending 23:00GMT, closing at 91.75, on the hopes of a fiscal cliff agreement after Senate Majority Leader ,Mitch McConnell stated that lawmakers has reached an … Continue reading

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Crude Oil: Crude Oil pressured as the US fiscal cliff deadline draws near

  On Friday, Crude Oil prices declined 0.83% against the USD for the 24 hour period ending 24:00GMT, closing at 90.62. On Friday, the US Energy Information Administration reported that, during the week ended December 21, crude supplies retreated by … Continue reading

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Crude Oil: API registered a drop in crude oil inventories

  Crude Oil prices advanced 0.54% against the USD for the 24 hour period ending 23:00GMT, closing at 91.38. Yesterday, American Petroleum Institute (API) reported that for the week ended December 21, crude-oil supplies fell by 1.2 million barrels. Gasoline … Continue reading

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Crude Oil: Trading slightly higher this morning

  Crude Oil prices advanced 2.00% against the USD for the 24 hour period ending 23:00GMT, closing at 90.89, after data showed that the US house prices rose more-than-expected in October. Additionally, cold weather and technical buying added to the … Continue reading

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Crude Oil: Crude Oil was pressured as investors fretted over the US fiscal cliff resolution

  On Friday, Crude Oil prices declined 1.29% against the USD for the 24 hour period ending 24:00GMT, closing at 88.89, as uncertainty over the ability of the US to resolve a budget crisis before a year-end deadline stoked investor … Continue reading

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Crude Oil: Trading lower in the Asian session

  Crude Oil prices advanced 0.46% against the USD for the 24 hour period ending 23:00GMT, closing at 90.05, as investor sentiment improved following upbeat US economic data and amid demand from bottom fishers, wiping out earlier losses sustained on … Continue reading

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Crude Oil: Crude Oil gained following EIA data, trading lower this morning

  Crude Oil prices advanced 1.86% against the USD for the 24 hour period ending 23:00GMT, closing at 89.64, following reports of a decline in crude oil supplies. Prices were further buoyed amid robust German business optimism data. Yesterday, the … Continue reading

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Crude Oil: Crude Oil gives up some gains in the Asian session

Crude Oil prices rose 0.73% against the USD for the 24 hour period ending 23:00GMT, closing at 88.00, amid optimism that US is making progress towards averting the fiscal cliff. Late yesterday, the American Petroleum Institute reported that crude-oil supplies … Continue reading

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Crude Oil: Crude Oil trading higher on demand prospects

Crude Oil prices declined 1.14% against the USD for the 24 hour period ending 23:00GMT, closing at 86.01. Investors await the release of oil inventory data scheduled to be released later today and tomorrow, to offer further guidance to oil … Continue reading

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