Crude Oil: Oil extends its losses, ahead of API’s weekly crude oil inventories data

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 3.11% against the USD and closed at USD55.41 per barrel, after the US President Donald Trump criticised the OPEC for escalating oil prices and stated that the … Continue reading

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Crude Oil: Oil reverses its gains in the Asian session

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 0.70% against the USD and closed at USD57.20 per barrel on Friday, after fresh figures from Baker Hughes disclosed that the number of active oil rigs declined … 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 declined 0.80% against the USD and closed at USD56.80 per barrel, after the Energy Information Administration (EIA) report indicated that US crude oil stockpiles rose by 3.7 million … Continue reading

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

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 2.36% against the USD and closed at USD57.26 per barrel, amid signs of tighter global supplies. Meanwhile, the American Petroleum Institute (API) reported that US crude oil … 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 traded flat against the USD and closed at USD55.94 per barrel. In the Asian session, at GMT0400, the pair is trading at 56.23, with oil trading 0.52% higher … 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 0.14% against the USD and closed at USD55.94 per barrel, amid OPEC-led production cuts, decline in crude oil supplies and optimism over US-China trade talks. In the … Continue reading

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Crude Oil: Oil extends its gains in the Asian session

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 2.26% against the USD and closed at USD55.69 per barrel on Friday, amid tightening global supplies and progress in US-China trade negotiations. Meanwhile, fresh figures from Baker … 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 0.93% against the USD and closed at USD54.46 per barrel, amid expectations that the US will extend its deadline for implementing additional tariffs on Chinese goods. In … Continue reading

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Crude Oil: Oil trading on a stronger footing in the Asian session

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 1.11% against the USD and closed at USD53.96 per barrel, after Saudi Arabia decided to maintain crude oil output at 9.8 million barrels per day by trimming … Continue reading

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

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 1.83% against the USD and closed at USD53.37 per barrel, after the American Petroleum Institute (API) reported that US crude oil inventories fell 1.0 million barrels to … 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 0.50% against the USD and closed at USD52.41 per barrel. In the Asian session, at GMT0400, the pair is trading at 52.78, with oil trading 0.71% higher … Continue reading

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