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Crude Oil: Crude Oil trading higher this morning amid supply concerns
On Friday, Crude Oil prices declined 0.38% against the USD for the 24 hour period ending 24:00GMT, closing at 86.01. In the Asian session, at GMT0400, Crude Oil is trading at 86.93, 1.07% higher from Friday’s close, as Syrian warplanes … Continue reading
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Crude Oil: Oil trading higher on upbeat Chinese economic data
Crude Oil prices declined 0.82% against the USD for the 24 hour period ending 23:00GMT, closing at 86.01, after US lawmakers disagreed on steps to avert the spending cuts and tax increases raising concerns about the demand outlook for crude … Continue reading
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Crude Oil: Oil up on demand prospects
Crude Oil prices advanced 0.20% against the USD for the 24 hour period ending 23:00GMT, closing at 86.00, after the US Federal Reserve took new stimulus steps to bolster the economy. Additionally, the International Energy Agency (IEA) raised fourth quarter … Continue reading
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Crude Oil: Oil prices rose on lower OPEC output data, trading lower this morning
Crude Oil prices advanced 0.46% against the USD for the 24 hour period ending 23:00GMT, closing at 86.01, after the Organisation of Petroleum Exporting Countries (OPEC) stated that the region’s production fell by 210,000 barrels per day in November. Moreover, … Continue reading
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Crude Oil: Oil trading lower this morning, Awaits oil inventory reports
Crude oil prices declined 0.13% against the USD for the 24 hour period ending 23:00GMT, closing at 86.01, as a stalemate on crucial fiscal talks in the US and fresh troubles in Italy weighed on oil prices. In the Asian … Continue reading
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Crude Oil: Oil trading higher on demand prospects
Crude Oil prices declined 0.44% against the USD for the 24 hour period ending 23:00GMT, closing at 86.01. In the Asian session, at GMT0400, Crude Oil is trading at 86.19, 0.21% higher from Friday’s close, as positive industrial and retail … Continue reading
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Crude Oil: Crude Oil pressured after ECB lowered growth forecast
Crude Oil prices declined 1.70% against the USD for the 24 hour period ending 23:00GMT, closing at 86.39, after the European Central Bank lowered its euro-area growth forecasts and US lawmakers struggled to reach an agreement on a budget … Continue reading
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Crude Oil: Trading lower this morning
Crude Oil prices declined 0.58% against the USD for the 24 hour period ending 23:00GMT, closing at 87.88, as concerns about the global economy and oil demand following subdued data from the US and Europe countered supply fears stemming … Continue reading
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Crude Oil: API reports a drop in crude oil supplies during the last week, Crude Oil trading higher this morning
Crude Oil prices declined 0.75% against the USD for the 24 hour period ending 23:00GMT, closing at 88.39, as a lack of progress in negotiations for a deal to avoid the US fiscal cliff prior to the deadline weighed … Continue reading
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Crude Oil: Crude Oil trading lower ahead of inventory reports
Crude Oil prices advanced marginally against the USD for the 24 hour period ending 23:00GMT, closing at 89.06, amid supply worries stemming from lingering tensions in the Middle East including a fragile ceasefire between Israel and Palestine and worsening unrest … Continue reading
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Crude Oil: Crude Oil trading higher in the Asian session bolstered by positive Chinese PMI data
On Friday, Crude Oil prices advanced 1.47% against the USD for the 24 hour period ending 24:00GMT, closing at 88.94. In the Asian session, at GMT0400, Crude Oil is trading at 89.20, 0.29% higher from Friday’s close, as encouraging Chinese … Continue reading
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