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 0.16% against the USD and closed at USD49.97 per barrel, on renewed optimism over crude demand outlook as US refineries continued to restart after getting knocked out … Continue reading

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Crude Oil: Oil trading flat in the morning session

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 0.28% against the USD and closed at USD49.90 per barrel on Friday, after Baker Hughes disclosed that active oil rigs in US fell by 7 to 749 … Continue reading

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

Crude Oil Movement For the 24 hours to 23:00 GMT, the Crude Oil rose 0.99% against the USD and closed at USD49.76 per barrel, extending its previous session gains, amid prospects of higher demand for the commodity. In the Asian … Continue reading

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Crude Oil: Oil trading lower in the morning session

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 2.01% against the USD and closed at USD49.27 per barrel, after the International Energy Agency (IEA) lifted its demand outlook for oil in 2017. The IEA, in … Continue reading

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Crude Oil: Oil trading on a weaker footing, ahead of EIA’s weekly crude oil inventories data

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 0.46% against the USD and closed at USD48.30 per barrel, after the Organisation of the Petroleum Exporting Countries (OPEC) reported a decline in its August oil production … Continue reading

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Crude Oil: Oil trading between its MA’s in the Asian session

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 0.52% against the USD and closed at USD48.08 per barrel, amid speculations that a deal between the Organisation of the Petroleum Exporting Countries (OPEC) and non-OPEC members … Continue reading

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Crude Oil: Oil trading on a stronger footing in the morning session

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 3.12% against the USD and closed at USD47.58 on Friday, amid worries that US crude oil demand would be hit hard by Hurricane Irma. Meanwhile, Baker Hughes … 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 0.14% against the USD and closed at USD49.11 per barrel, after the Energy Information Administration (EIA) reported that US crude oil stockpiles advanced by 4.6 million barrels … 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 1.17% against the USD and closed at USD49.18 per barrel, extending its previous session gains on the back of improved demand outlook. Separately, the American Petroleum Institute … 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 rose 2.55% against the USD and closed at USD48.61 per barrel, amid easing concerns over mounting US crude inventories as refineries, which were destroyed by the Hurricane Harvey, … Continue reading

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Crude Oil: Oil trading marginally higher in the Asian session

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 0.11% against the USD and closed at USD47.40 per barrel, reversing its previous session gains. In the Asian session, at GMT0300, the pair is trading at 47.41, … Continue reading

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