Crude Oil: Crude Oil up as US refineries resume operations post storm Sandy

  Crude Oil prices advanced 0.49% against the USD for the 24 hour period ending 23:00GMT, closing at 85.71. Late yesterday, the American Petroleum Institute reported that crude oil inventories rose 2.1 million barrels for the week ended October 26. … Continue reading

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Crude Oil: Oil slipped as Hurricane Sandy dampened oil demand, trading higher this morning

  Crude Oil prices declined 0.77% against the USD for the 24 hour period ending 23:00GMT, closing at $85.29, as refineries and oil terminals on the US East Coast shut down due to Hurricane Sandy. In the Asian session, at … Continue reading

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Crude Oil: Crude Oil down in the Asian session as Hurricane Sandy megastorm approaches US

On Friday, Crude Oil prices advanced marginally against the USD for the 24 hour period ending 24:00GMT, closing at 86.24, after stronger-than-expected US third quarter growth data raised demand prospects. In the Asian session, at GMT0400, Crude Oil is trading … Continue reading

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Crude Oil: Crude Oil rose amid signs of growth in the US economy, trading lower this morning

  Crude Oil prices advanced 0.48% against the USD for the 24 hour period ending 23:00GMT, closing at 86.18, following signs that the US economic growth is accelerating and amid speculation that the Bank of Japan would increase stimulus. Additionally, … Continue reading

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Crude Oil: Oil declined on surging US crude stocks, weak data from Europe, trading higher this morning

  Crude Oil prices declined 1.06% against the USD for the 24 hour period ending 23:00GMT, closing at 85.77, as rising US crude inventories and weak Euro-zone economic data sparked fresh demand concerns. Yesterday, the US Energy Information Administration reported … Continue reading

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Crude Oil: Crude Oil rises in Asian session after China data

  Crude Oil prices declined 2.84% against the USD for the 24 hour period ending 23:00GMT, closing at 86.69, as investors dumped the commodity due to global growth fears. Oil’s losses accelerated after stocks on Wall Street opened with heavy … Continue reading

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Crude Oil: Trading lower today morning

  Crude Oil prices declined 0.48% against the USD for the 24 hour period ending 23:00GMT, closing at 89.09, weighed down by persistent global economic health concerns. Oil prices also eased after TransCanada planned to restart its Keystone pipeline yesterday. … Continue reading

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Crude Oil: Crude Oil fell on weak US housing data, trading higher this morning

  On Friday, Crude Oil prices declined 2.1% against the USD for the 24 hour period ending 23:00GMT, closing at 90.14, as investors avoided the commodity after industry data revealed that existing homes sales declined in the US last month. … Continue reading

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Crude Oil: Crude Oil rose on supply concerns, trading lower this morning

  Crude Oil prices advanced 0.09% against the USD for the 24 hour period ending 23:00GMT, closing at 92.07, amid news that TransCanada Corp. shut its Keystone pipeline for repairs, disrupting crude supplies to the US Midwest. Additionally, Oil prices … Continue reading

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Crude Oil: Crude Oil fell on rising oil inventory, trading higher this morning

  Crude Oil prices declined 0.50% against the USD for the 24 hour period ending 23:00GMT, closing at 91.99, after the weekly oil inventory report showed a bigger-than-expected rise in oil stocks. Yesterday, the US Energy Information Administration reported that … Continue reading

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Crude Oil: Crude Oil gained amid optimism for a Spanish bailout, trading lower this morning

  Crude Oil prices advanced 0.84% against the USD for the 24 hour period ending 23:00GMT, closing at 92.48, as investors continued to hope that Spain would formally request a bailout in the coming weeks and activate a bond buying … Continue reading

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