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 1.44% against the USD and closed at USD46.00 per barrel, pressured by monthly report from the Energy Information Administration (EIA) that forecasted a monthly rise in US … 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 1.11% against the USD and closed at USD46.61 per barrel on Friday, lifted by mounting hopes for stronger global oil demand this year. However, gains in crude … 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 1.63% against the USD and closed at USD46.10 per barrel, after the International Energy Agency (IEA) forecasted higher global demand for crude this year. The IEA in … 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 declined 1.03% against the USD and closed at USD45.36 per barrel, after the Organisation of the Petroleum Exporting Countries (OPEC) stated that its output rose by 393,000 barrels … Continue reading

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

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 2.92% against the USD and closed at USD45.83 per barrel, after the American Petroleum Institute (API) disclosed that US crude oil inventories plunged by 8.1 million barrels … 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 0.2% against the USD and closed at USD44.53 per barrel. However, losses in crude prices were trimmed on the back of news that Libya and Nigeria have … Continue reading

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Crude Oil: Oil trading between its MA’s

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 2.1% against the USD and closed at USD44.34 per barrel on Friday, after Baker Hughes disclosed that US active oil rigs advanced by 7 to 763 in … Continue reading

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Crude Oil: Oil extends its losses in the Asian session

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 0.72% against the USD and closed at USD45.29 per barrel. However, losses in crude prices were trimmed, after the Energy Information Administration (EIA) reported that US crude … 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 3.22% against the USD and closed at USD45.62 per barrel, on reports that oil exports by the Organization of the Petroleum Exporting Countries (OPEC) rose in June, … 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 0.19% against the USD and closed at USD47.14 per barrel, extending its gains for a sixth straight session. In the Asian session, at GMT0300, the pair is … Continue reading

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Crude Oil: Oil reverses its gains in the Asian session

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 1.8% against the USD and closed at USD47.05 per barrel, as the first weekly decline in US crude oil rigs since January continued to boost investor sentiment. … Continue reading

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