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 rose 1.69% against the USD and closed at USD37.33 per barrel, ahead of the Organisation of the Petroleum Exporting Countries meeting to discuss extension to production cuts. In … 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 0.97% against the USD and closed at USD36.71 per barrel, amid uncertainty about the timing and scale of a potential extension to the agreement between the Organisation … Continue reading

Posted in Crude Oil | Comments Off

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 rose 4.69% against the USD and closed at USD37.07 per barrel, amid hopes for an extension of production cuts by major oil producers. Additionally, American Petroleum Institute (API) … Continue reading

Posted in Crude Oil | Comments Off

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 0.40% against the USD and closed at USD35.41 per barrel. In the Asian session, at GMT0300, the pair is trading at 35.47, with oil trading 0.17% higher … Continue reading

Posted in Crude Oil | Comments Off

Crude Oil: Oil trading higher in the morning session

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 4.72% against the USD and closed at USD35.25 per barrel on Friday, amid supply cuts by major oil producers and signs of rebound in oil demand. Additionally, … Continue reading

Posted in Crude Oil | Comments Off

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 rose 7.23% against the USD and closed at USD33.66 per barrel, amid rising demand for US gasoline. Separately, the Energy Information Administration (EIA) reported that crude oil inventories … Continue reading

Posted in Crude Oil | Comments Off

Crude Oil: Oil trading higher in the morning session

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 7.57% against the USD and closed at USD31.39 per barrel, after Russia announced that it was planning to ease production cuts from July and amid growing tensions … Continue reading

Posted in Crude Oil | Comments Off

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 0.30% against the USD and closed at USD33.96 per barrel, amid production cuts by major oil producer and as fuel demand recovered with easing of coronavirus restrictions. … Continue reading

Posted in Crude Oil | Comments Off

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 2.23% against the USD and closed at USD33.86 per barrel. On Friday, Baker Hughes reported that US oil drilling rig count dropped by 21 to 237 for … Continue reading

Posted in Crude Oil | Comments Off

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 rose 0.83% against the USD and closed at USD33.87 per barrel, amid optimism over output cuts by major oil producers and hopes of recovery in oil demand. In … Continue reading

Posted in Crude Oil | Comments Off

Crude Oil: Oil trading on a stronger footing this morning

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 5.83% against the USD and closed at USD33.59 per barrel, after the Energy Information Administration (EIA) reported that crude oil inventories dropped by 5.0 million barrels to … Continue reading

Posted in Crude Oil | Comments Off