Crude Oil: Oil reverses 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 0.68% against the USD and closed at USD65.64 per barrel, surrendering its previous session gains. In the Asian session, at GMT0300, the pair is trading at 65.73, … 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 rose 1.40% against the USD and closed at USD65.94 per barrel on Friday, amid growing expectations that the Organisation of the Petroleum Exporting Countries (OPEC) and Russia could … Continue reading

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Crude Oil: Oil reverses its losses in the Asian session

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 1.52% against the USD and closed at USD64.21 per barrel, surrendering its previous session gains. In the Asian session, at GMT0400, the pair is trading at 65.00, … 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 rose 2.73% against the USD and closed at USD65.46 per barrel, after the Energy Information Administration (EIA) reported a surprise draw in US crude oil inventories. The EIA … 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 rose 2.36% against the USD and closed at USD63.71 per barrel, after the American Petroleum Institute (API) reported that US crude oil inventories unexpectedly fell by 2.7 million … Continue reading

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Crude Oil: Oil extends 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 0.23% against the USD and closed at USD62.16 per barrel, amid fears over potential supply disruptions, following tensions between Saudi Arabia and Iran and concerns over Venezuela’s … 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 rose 1.81% against the USD and closed at USD62.28 per barrel on Friday, extending its previous session gains. Meanwhile, fresh figures from Baker Hughes disclosed that active oil … Continue reading

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

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 0.16% against the USD and closed at USD61.19 per barrel, as optimism over rising global crude demand continued to support demand for the commodity. The International Energy … 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 0.15% against the USD and closed at USD60.90 per barrel, on the back of brighter demand outlook after the Organisation of the Petroleum Exporting Countries (OPEC) stated … Continue reading

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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 declined 0.56% against the USD and closed at USD60.87 per barrel, amid expectations of relentless rise in US crude output and as the American Petroleum Institute (API) reported … Continue reading

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

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 1.29% against the USD and closed at USD61.35 per barrel, following a bearish report from the Energy Information Administration (EIA). The EIA, in its monthly report, projected … Continue reading

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