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

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 2.21% against the USD and closed at USD44.69, amid renewed supply glut concerns. In the Asian session, at GMT0400, the pair is trading at 44.79, with the … Continue reading

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Crude Oil: Oil trading higher in the morning session

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 1.51% against the USD and closed at USD45.70 per barrel, after US crude stockpiles recorded the biggest ever rise in a week, thus renewing worries about a … Continue reading

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Crude Oil: Oil extends its gains in the morning session

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 1.15% against the USD and closed at USD46.40 per barrel, after the American Petroleum Institute (API) reported a massive build of 9.3 million barrels in US crude … Continue reading

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Crude Oil: Oil trading on a weaker footing, ahead of the API’s weekly crude oil inventory data

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 3.16% against the USD and closed at USD46.96 per barrel, after a meeting of key oil producers intensified doubts over their ability to implement the planned production … 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 1.93% against the USD and closed at USD48.69 per barrel on Friday, amid mounting concerns about OPEC’s planned output cut deal. Separately, Baker Hughes disclosed that US … Continue reading

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

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 0.83% against the USD and closed at USD49.65 per barrel, as bullish comments of top officials from Gulf-OPEC countries and Saudi Arabia renewed hopes for a crude … 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 0.24% against the USD and closed at USD49.24 per barrel, pressured by rising doubts regarding OPEC’s plan to curb crude production. However, crude prices stemmed losses, after … Continue reading

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Crude Oil: Oil trading a tad lower in the morning session

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 2.18% against the USD and closed at USD49.36 per barrel, after the American Petroleum Institute (API) disclosed that US crude stockpiles rose by 4.8 million barrels to … Continue reading

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Crude Oil: Oil trading on a weaker footing, ahead of the API’s weekly crude oil inventory data

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 0.26% against the USD and closed at USD50.46 per barrel, after Iraq, the second largest producer in the Organization of the Petroleum Exporting Countries (OPEC), showed its … Continue reading

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Crude Oil: Oil reverses its gains in the morning session

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 0.45% against the USD and closed at USD50.88 on Friday, as upbeat comments from Russian Energy Minister boosted investor sentiment. The Russian Energy Minister, Alexander Novak, stated … Continue reading

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Crude Oil: Oil extends its losses, ahead of the Baker Hughes oil rig count data

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 1.59% against the USD and closed at USD50.65, reversing its previous session gains. In the Asian session, at GMT0300, the pair is trading at 50.39, with the … Continue reading

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