Crude Oil: Oil trading on a stronger footing this morning

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 2.06% against the USD and closed at USD52.47 per barrel, reversing its previous session losses. Separately, the Energy Information Administration (EIA) reported that US crude stockpiles jumped … Continue reading

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Crude Oil: Oil trading higher, ahead of the EIA’s weekly crude oil inventory data

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 3.33% against the USD and closed at USD51.41 per barrel, after the American Petroleum Institute (API) reported that US crude stockpiles surged above expectations by 14.2 million … Continue reading

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Crude Oil: Oil trading a tad higher in the Asian session

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 1.37% against the USD and closed at USD 53.18, surrendering its previous session gains. In the Asian session, at GMT0400, the pair is trading at 53.19, with … 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 0.09% against the USD and closed at USD53.81 per barrel on Friday, amid rising concerns that US sanctions on Iran could hamper the nation’s crude supplies. However, … 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 0.39% against the USD and closed at USD53.76 per barrel, extending its previous session gains. In the Asian session, at GMT0400, the pair is trading at 53.83, … Continue reading

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Crude Oil: Oil trading on a stronger footing this morning

Crude Oil Movement Crude Oil prices advanced 1.52% against the USD for the 24-hour period ending 23:00GMT, closing at USD53.55, amid signs that the Organisation of the Petroleum Exporting Countries (OPEC) and other producers are curbing output and as geopolitical … 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 0.13% against the USD and closed at USD52.75 per barrel. However, gains in crude prices were trimmed after the American Petroleum Institute (API) disclosed that US crude … Continue reading

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Crude Oil: Oil extended its losses in the morning session

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 0.6% against the USD and closed at USD52.68 per barrel, amid concerns that rising US crude output may potentially offset efforts by other major crude producers to … 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 1.02% against the USD and closed at USD53.19 per barrel on Friday, after Baker Hughes data suggested that oil-drilling in US is ramping up. Baker Hughes disclosed … Continue reading

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

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 1.38% against the USD and closed at USD53.74 per barrel, amid optimism that major oil producers have been cutting back crude output as agreed. In the Asian … Continue reading

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Crude Oil: Oil trading higher in the Asian session

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 0.09% against the USD and closed at USD53.01 per barrel. However, gains in crude prices were kept in check, after data showed a build in US crude … Continue reading

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