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 1.31% against the USD and closed at USD53.17 per barrel, amid potential US sanctions on Venezuela crude exports. Meanwhile, the Energy Information Administration reported that domestic crude … Continue reading

Posted in Crude Oil | Comments Off

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

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 1.04% against the USD and closed at USD52.48 per barrel, amid potential US sanctions on Venezuela’s crude oil exports. Additionally, the American Petroleum Institute reported that the … Continue reading

Posted in Crude Oil | Comments Off

Crude Oil: Oil trading higher, ahead of API and EIA weekly crude oil stockpiles data

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 0.67% against the USD and closed at USD53.03 per barrel, amid escalating worries over energy demand. Also, the Energy Information Administration report projected a rise in oil … Continue reading

Posted in Crude Oil | Comments Off

Crude Oil: Oil reverses its gains in the Asian session

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 0.22% against the USD and closed at USD53.88 per barrel, buoyed by OPEC production cuts. In the Asian session, at GMT0400, the pair is trading at 53.47, … Continue reading

Posted in Crude Oil | Comments Off

Crude Oil: Oil extends its gains in the Asian session

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 2.36% against the USD and closed at USD53.84 per barrel on Friday, amid signs of progress in US-China trade negotiations. Additionally, fresh figures from Baker Hughes disclosed … Continue reading

Posted in Crude Oil | Comments Off

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 0.15% against the USD and closed at USD52.12 per barrel, after OPEC’s oil output fell by 751,000bls per day to 31.6mn bls per day in December. In … Continue reading

Posted in Crude Oil | Comments Off

Crude Oil: Oil trading lower in the Asian session

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 0.48% against the USD and closed at USD52.24 per barrel, amid OPEC supply cuts after the Energy Information Administration (EIA) report indicated that US crude oil stockpiles … Continue reading

Posted in Crude Oil | Comments Off

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

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 1.68% against the USD and closed at USD51.94 per barrel, amid hopes that China would take necessary steps to boost economy. Additionally, the American Petroleum Institute (API) … Continue reading

Posted in Crude Oil | Comments Off

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 declined 1.84% against the USD and closed at USD50.75 per barrel, as disappointing economic data from China raised concerns over global growth. In the Asian session, at GMT0400, … Continue reading

Posted in Crude Oil | Comments Off

Crude Oil: Oil extends its losses in the Asian session

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 1.20% against the USD and closed at USD51.82 per barrel on Friday. Moreover, fresh figures from Baker Hughes disclosed that the number of active oil rigs declined … Continue reading

Posted in Crude Oil | Comments Off

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 0.98% against the USD and closed at USD52.33 per barrel. In the Asian session, at GMT0400, the pair is trading at 52.47, with oil trading 0.27% higher … Continue reading

Posted in Crude Oil | Comments Off