Crude Oil: Oil trading lower in the Asian session

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 0.90% against the USD and closed at USD59.33 per barrel, after the Energy Information Administration (EIA) report indicated that US crude oil stockpiles unexpectedly advanced 2.8 million … Continue reading

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Crude Oil: Oil trading higher, ahead EIA’s weekly crude oil stockpiles data

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 1.29% against the USD and closed at USD59.87 per barrel, amid declines in global production led by the OPEC and supply reductions brought on by the US … Continue reading

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Crude Oil: Oil trading higher, ahead of API’s weekly crude oil inventories data

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 1.15% against the USD and closed at USD59.11 per barrel, amid OPEC-led supply cuts and US sanctions against Iran and Venezuela. In the Asian session, at GMT0400, … Continue reading

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Crude Oil: Oil extends its losses in the Asian session

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 1.69% against the USD and closed at USD58.87 per barrel on Friday, amid worries over global energy demand. Meanwhile, fresh figures from Baker Hughes disclosed that the … Continue reading

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Crude Oil: Oil trading slightly lower, ahead of Baker Hughes weekly rig count data

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 0.27% against the USD and closed at USD59.88 per barrel, amid global trade tensions. In the Asian session, at GMT0400, the pair is trading at 59.87, with … Continue reading

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Crude Oil: Oil trading higher in the Asian session

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 1.85% against the USD and closed at USD60.04 per barrel, after the Energy Information Administration (EIA) report indicated that US crude oil stockpiles tumbled 9.6 million barrels … Continue reading

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Crude Oil: Oil trading lower, ahead of EIA’s weekly crude oil stockpiles data

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 0.05% against the USD and closed at USD58.95 per barrel, after major global crude oil producers continued to curb oil output. Separately, the American Petroleum Institute reported … Continue reading

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Crude Oil: Oil trading higher, ahead of API’s weekly crude oil stockpiles data

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 0.98% against the USD and closed at USD58.98 per barrel, as OPEC and its members stated that they would continue to cut crude production until June. In … Continue reading

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Crude Oil: Oil extends its losses in the Asian session

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 0.26% against the USD and closed at USD58.43 per barrel on Friday. Meanwhile, fresh figures from Baker Hughes disclosed that the number of active oil rigs fell … Continue reading

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Crude Oil: Oil trading higher, ahead of Baker Hughes weekly rig count data

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 0.39% against the USD and closed at USD58.58 per barrel, after OPEC’s monthly report revealed a slowdown in crude output cuts by the members and delay in … Continue reading

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Crude Oil: Oil trading higher in the Asian session

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 2.08% against the USD and closed at USD58.35 per barrel, after the Energy Information Administration (EIA) report indicated that US crude oil stockpiles dropped by 3.9 million … Continue reading

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