Crude Oil: Oil reverses its losses in the Asian session

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 0.21% against the USD and closed at USD70.95 per barrel, after the American Petroleum Institute (API) reported that US crude oil inventories unexpectedly rose by 4.9 million … Continue reading

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Crude Oil: Oil reverses its gains, 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 USD71.10 per barrel, after the Organisation of the Petroleum Exporting Countries (OPEC), in its monthly report, revised up its demand … Continue reading

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Crude Oil: Oil trading on a weaker footing this morning

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 1.36% against the USD and closed at USD70.56 per barrel on Friday, after fresh figures from Baker Hughes disclosed that active oil rigs in the US rose … Continue reading

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Crude Oil: Oil trading on a weaker footing, ahead of Baker Hughes weekly rig count data

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 0.42% against the USD and closed at USD71.53 per barrel, aided by concerns of potential disruptions to oil supply from major exporter, Iran in the wake of … Continue reading

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Crude Oil: Oil extends gains in the morning session

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 1.61% against the USD and closed at USD71.23 per barrel, extending its previous session gains, after the US decided to quit a nuclear deal with Iran. Gains … 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 0.16% against the USD and closed at USD70.10 per barrel, reversing its earlier losses after the US President, Donald Trump confirmed the withdrawal of the US from … Continue reading

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Crude Oil: Oil trading between its MA’s, ahead of API’s weekly crude oil inventories data

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 0.20% against the USD and closed at USD69.99 per barrel, lifted by worries over a looming decision on whether the US would reinstate sanctions on Iran and … Continue reading

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Crude Oil: Oil reverses its gains, ahead of Baker Hughes weekly rig count data

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 1.11% against the USD and closed at USD68.48 per barrel, amid concerns that possible new US sanctions against Iran would tighten global crude market. In the Asian … Continue reading

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Crude Oil: Oil trading on a stronger footing this morning

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 0.43% against the USD and closed at USD67.73 per barrel, pushed up by persistent concerns that the US may reimpose sanctions on major OPEC member, Iran. Moreover, … Continue reading

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

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 1.50% against the USD and closed at USD67.44 per barrel, after the American Petroleum Institute (API) reported that US crude oil inventories rose by 3.4 million barrels … 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 0.77% against the USD and closed at USD68.47 per barrel, buoyed by increased tension in the Middle East, after Israeli Prime Minister, Benjamin Netanyahu, accused Iran of … Continue reading

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