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 rose 0.44% against the USD and closed at USD57.16 per barrel, after the Energy Information Administration, in its short-term Energy outlook, lowered its projections for US crude production … 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 0.87% against the USD and closed at USD56.91 per barrel, amid reports that Saudi Arabia is planning to curb its oil exports to below 7 million barrels … Continue reading

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Crude Oil: Oil trading higher in the morning session

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 0.58% against the USD and closed at USD56.12 per barrel on Friday, amid growing worries over global economic growth and energy demand. Meanwhile, fresh figures from Baker … Continue reading

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

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 0.48% against the USD and closed at USD56.45 per barrel, after OPEC’s output declined by 60,000 barrels a day to 30.8 million barrels a day, marking its … 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 declined 0.18% against the USD and closed at USD56.18 per barrel, after the Energy Information Administration (EIA) reported that US crude oil inventories climbed 7.1 million barrels to … 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 0.20% against the USD and closed at USD56.28 per barrel, after the American Petroleum Institute disclosed that US crude oil inventories rose more than expected by 7.3 … Continue reading

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

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 0.61% against the USD and closed at USD56.39 per barrel, amid OPEC-led output cuts. In the Asian session, at GMT0400, the pair is trading at 56.32, with … Continue reading

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Crude Oil: Oil reverses its losses in the Asia session

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 2.59% against the USD and closed at USD55.69 per barrel on Friday, amid concerns over the demand for the commodity. Meanwhile, fresh figures from Baker Hughes disclosed … 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 0.37% against the USD and closed at USD57.17 per barrel, on OPEC-led supply cuts. In the Asian session, at GMT0400, the pair is trading at 57.40, with … Continue reading

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Crude Oil: Oil trading lower in the Asian session

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 1.82% against the USD and closed at USD56.96 per barrel, after Saudi Arabia reiterated its decision of reducing output. Additionally, the Energy Information Administration (EIA) report indicated … Continue reading

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

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 0.96% against the USD and closed at USD55.94 per barrel, after the American Petroleum Institute (API) reported that US crude oil inventories fell by 4.2 million barrels … Continue reading

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