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 2.16% against the USD and closed at USD71.32 per barrel, after the Energy Information Administration (EIA) report indicated that US crude oil stockpiles declined for the fifth … Continue reading

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Crude Oil: extends its gains in the Asian session

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 1.60% against the USD and closed at USD69.81 per barrel amid rising risk over decline in global supplies. Separately, the American Petroleum Institute (API) reported that US … Continue reading

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Crude Oil: Oil extends its losses in the morning session

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 0.36% against the USD and closed at USD68.71 per barrel, amid worries over demand outlook pressured by US sanctions on Iranian oil and mounting US-China trade tensions. … 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 0.19% against the USD and closed at USD68.93 per barrel on Friday, ahead of US sanctions on Iran oil. Meanwhile, fresh figures from Baker Hughes reported that … 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 2.04% against the USD and closed at USD68.80 per barrel amid concerns that emerging market crises and trade disputes could lower demand for the commodity. Additionally, the … Continue reading

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Crude Oil: Oil trading on a negative footing this morning

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 0.52% against the USD and closed at USD70.23 per barrel, after the Energy Information Administration (EIA) report indicated that US crude oil stockpiles declined by 5.3 million … Continue reading

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

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 3.33% against the USD and closed at USD69.87 per barrel, after, the American Petroleum Institute (API) reported a large draw of 8.6 million barrels to 398.2 million … Continue reading

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

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 0.56% against the USD and closed at USD67.62 per barrel, amid speculations that renewed sanctions on Iran will tighten the world’s crude oil supply. In the Asian … Continue reading

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Crude Oil: Oil trading reverses its losses in the Asian session

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined marginally against the USD and closed at USD67.87 per barrel on Friday. Fresh figures from Baker Hughes disclosed that the number of active oil rigs declined by … 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 declined 1.09% against the USD and closed at USD67.89 per barrel, amid worries over a potential decline in global demand. Meanwhile, the Energy Information Administration reported that domestic … Continue reading

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

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 1.00% against the USD and closed at USD68.64 per barrel, amid worries that escalating global trade tensions would reduce demand for the commodity. Separately, the American Petroleum … Continue reading

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