Crude Oil: Oil trading marginally higher this morning

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 2.89% against the USD and closed at USD46.23 per barrel on Friday, after fresh figures from Baker Hughes showed that US oil rigs dropped for the first … Continue reading

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

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 0.2% against the USD and closed at USD44.93 per barrel, extending its previous session gains as a fall in weekly US crude production eased some concerns over … 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 2.42% against the USD and closed at USD44.84 per barrel, after fresh data showed a decline in weekly US crude production. Total domestic crude production fell by … Continue reading

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Crude Oil: Oil trading higher in the morning session, ahead of EIA’s weekly crude oil inventories data

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 0.85% against the USD and closed at USD43.78 per barrel, reversing its previous session losses. Meanwhile, the American Petroleum Institute (API) reported a surprise increase of 851,000 … Continue reading

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Crude Oil: Oil reverses 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 0.18% against the USD and closed at USD43.41 per barrel, surrendering its previous session gains. In the Asian session, at GMT0300, the pair is trading at 43.48, … 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 0.58% against the USD and closed at USD43.09 per ounce on Friday, amid weakness in the US Dollar. However, gains in crude prices were capped after Baker … Continue reading

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Crude Oil: Oil trading marginally higher, ahead of Baker Hughes weekly rig count data

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 0.35% against the USD and closed at USD42.82 per barrel, reversing a three-session losing streak. In the Asian session, at GMT0300, the pair is trading at 42.84, … 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 2.02% against the USD and closed at USD42.63 per barrel, on concerns that rising glut of global supplies is blunting OPEC-led efforts to rebalance market. However, losses … Continue reading

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

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 1.72% against the USD and closed at USD43.46, as news of boosted crude supply by several key producers intensified global supply glut concerns. However, losses in crude … Continue reading

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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 0.72% against the USD and closed at USD44.22 per barrel, as investors remain grappled with concerns over relentless global supply glut. Meanwhile, Saudi Arabia’s Energy Minister, Khalid … Continue reading

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Crude Oil: Oil trading on weaker footing this morning

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 0.83% against the USD and closed at USD44.70 per barrel on Friday, reversing a three-session losing streak. Separately, Baker Hughes disclosed that active oil rigs in the … Continue reading

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