Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 2.11% against the USD and closed at USD48.91 per barrel, after Energy Ministers from Saudi Arabia and Russia endorsed for a nine-month extension to OPEC’s crude production … Continue reading →

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 0.19% against the USD and closed at USD47.90 on Friday, amid expectations that OPEC-led production cuts could be extended beyond the middle of 2017. Separately, Baker Hughes … Continue reading →

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 0.91% against the USD and closed at USD47.81 per barrel, after oil ministers of Iraq and Algeria stated that they support deal to extend crude production cuts … Continue reading →

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 2.69% against the USD and closed at USD47.38 per barrel, after the Energy Information Administration (EIA) reported a significant drawdown in US crude stockpiles. The EIA indicated … Continue reading →

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 0.86% against the USD and closed at USD46.14 per barrel, after the Energy Information Administration (EIA) lifted its near-term outlook for US crude production. The EIA expects … Continue reading →

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 0.51% against the USD and closed at USD46.54 per barrel. However, losses in crude prices were trimmed after comments from few top oil producers suggested that OPEC … Continue reading →

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 1.73% against the USD and closed at USD46.34 per barrel on Friday, after Saudi Arabia assured that Russia is ready to join OPEC in extending crude production … Continue reading →

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 4.39% against the USD and closed at USD45.55 per barrel, pressured by enduring concerns over global supply glut. In the Asian session, at GMT0300, the pair is … Continue reading →

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 0.92% against the USD and closed at USD47.64 per barrel, on the back of disappointing EIA inventories data. The Energy Information Administration (EIA) disclosed that US crude … Continue reading →

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 1.35% against the USD and closed at USD48.08 per barrel, as rising crude output in Libya and reports of lower output-cut compliance among OPEC members in April … Continue reading →

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 0.98% against the USD and closed at USD48.74 per barrel, as concerns over rising US crude output and increasing exports from Libya stoked worries of a global … Continue reading →