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Crude Oil: Crude Oil ends losing streak on US cliff talk, economic data
Crude Oil prices advanced 1.18% against the USD for the 24 hour period ending 23:00GMT, closing at 87.65, as some optimism over a potential resolution to the US fiscal cliff and overall upbeat US economic data improved investors’ appetite … Continue reading
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Crude Oil: EIA posts supply decline, trading higher this morning
Crude Oil prices declined 0.45% against the USD for the 24 hour period ending 23:00GMT, closing at 86.63, as fiscal-cliff and Greek-debt woes helped feed demand concerns, but prices finished off their lows following an unexpected decline in last … Continue reading
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Crude Oil: Crude Oil declined on OECD warning, inventory data; trading higher this morning
Crude Oil prices declined 0.93% against the USD for the 24 hour period ending 23:00GMT, closing at 87.02, as a warning from the Organization for Economic Cooperation and Development (OECD) over the potential for a global recession raised demand … Continue reading
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Crude Oil: Crude Oil gains on Greek debt deal
Crude Oil prices declined 0.36% against the USD for the 24 hour period ending 23:00GMT, closing at 87.83. In the Asian session, at GMT0400, Crude Oil is trading at 88.04, 0.24% higher from yesterday’s close, as optimism coursed through … Continue reading
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Crude Oil: Crude Oil gained on German confidence data and Middle East unrest, trading lower this morning
On Friday, Crude Oil prices advanced 1.37% against the USD for the 24 hour period ending 24:00GMT, closing at 88.26, as upbeat German business confidence data raised hopes that the European economy may improve and would increase demand for … Continue reading
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Crude Oil: Crude Oil eased amid the ceasefire between Israel and Palestinian militants, trading higher this morning
Crude Oil prices declined 1.01% against the USD for the 24 hour period ending 23:00GMT, closing at 86.81, after a ceasefire ended a week of cross-border violence between Israel and Palestinian militants, easing supply concerns. In the Asian session, … Continue reading
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Crude Oil: Crude Oil trading lower on easing supply concerns
Crude Oil prices advanced 0.41% against the USD for the 24 hour period ending 23:00GMT, closing at 87.70, after stockpiles unexpectedly decreased in the US. The US Energy Information Administration indicated that, for the week ended November 16, crude … Continue reading
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Crude Oil: US crude inventories slid in the second weekly decline in three, indicates API
Crude Oil prices declined 1.79% against the USD for the 24 hour period ending 23:00GMT, closing at 87.34, as reports that Israel and Palestinians were near a truce eased investor worries over supply from the region. Late yesterday, the … Continue reading
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Crude Oil: Middle Eastern concerns, US optimism further boost crude oil prices
Crude Oil prices advanced 1.54% against the USD for the 24 hour period ending 23:00GMT, closing at 88.93, after conflict between Israel and Palestinian militants intensified, raising the threat of a broader conflict in the Middle East. Prices were … Continue reading
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Crude Oil: Crude Oil spikes on Mideast tensions
On Friday, Crude Oil prices advanced 2.01% against the USD for the 24 hour period ending 24:00GMT, closing at 87.11, on concerns that Israel and Iran may be edging closer to war over latter’s nuclear ambitions. An International Atomic … Continue reading
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Crude Oil: Crude Oil dropped amid rise in inventories, trading higher this morning
Crude Oil prices declined 1.03% against the USD for the 24 hour period ending 23:00GMT, closing at 85.39, following a surge in US oil inventories and amid weak US economic data. Yesterday, the Energy Information Administration reported that, for … Continue reading
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