Crude Oil: Oil trading lower in the Asian session

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 1.06% against the USD and closed at USD46.85 per barrel, after the Energy Information Administration (EIA) disclosed that the US crude oil inventories unexpectedly dropped by 2.5 … Continue reading

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

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 1.62% against the USD and closed at USD46.36 per barrel, after the American Petroleum Institute (API) revealed that US crude stockpiles fell more-than-expected by 1.0 million barrels … Continue reading

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Crude Oil: Oil trading lower, ahead of the API’s weekly crude oil inventory data

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 1.65% against the USD and closed at USD45.62 per barrel, as speculations intensified that major oil producers would agree to freeze production. In the Asian session, at … Continue reading

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Crude Oil: Oil extends its gains in the Asian session

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 2.52% against the USD and closed at USD 44.70 per barrel, amid rising speculations that the Organisation of the Petroleum Exporting Countries (OPEC) will meet soon to … Continue reading

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

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 5.06% against the USD and closed at 43.60, after the International Energy Agency (IEA) forecasted that crude markets would tighten in the second half of this year. … Continue reading

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Crude Oil: Oil trading marginally lower in the Asian session

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 2.76% against the USD and closed at 41.50, after the Energy Information Administration (EIA) revealed that the US crude oil inventories rose more-than-forecasted by 1.1 million barrels … Continue reading

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

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil declined 0.42% against the USD and closed at 42.68, after the American Petroleum Institute (API) disclosed that US crude stockpiles surprisingly rose by 2.1 million barrels to 520.8 … Continue reading

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Crude Oil: Oil reverses its gains, ahead of the API’s weekly crude oil inventory data

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 2.27% against the USD and closed at 42.86, amid renewed speculation that Organization of the Petroleum Exporting Countries (OPEC) would try to curb output. In the Asian … Continue reading

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Crude Oil: Crude trading lower in the Asian session

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 0.31% against the USD and closed at 41.91. However, crude prices paired gains, after the Baker Hughes disclosed that US rig count rose for a sixth straight … Continue reading

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Crude Oil: Oil trading on a weaker, ahead of the Baker Hughes weekly rig count data

Crude Oil Movement For the 24 hours to 23:00 GMT, Crude Oil rose 1.58% against the USD and closed at 41.78, extending its previous session gains. In the Asian session, at GMT0300, the pair is trading at 41.74, with the … 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 3.63% against the USD and closed at 41.13. Meanwhile, the Energy Information Administration (EIA) indicated that the US crude oil inventories rose by 1.4 million barrels to … Continue reading

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