Crude Oil Movement Crude Oil prices advanced 1.55% against the USD for the 24-hour period ending 23:00GMT, closing at 49.20. However, gains in oil prices were capped after data showed that China’s manufacturing sector activity stalled in June, thus raising … Continue reading →

Crude Oil Movement Crude Oil prices declined 2.12% against the USD for the 24-hour period ending 23:00GMT, closing at 48.45, amid a broad strength in the greenback. In the Asian session, at GMT0300, the pair is trading at 48.63, with … Continue reading →

Crude Oil Movement Crude Oil prices rallied 2.65% against the USD for the 24-hour period ending 23:00GMT, closing at 49.50, following a larger-than-expected drawdown in US crude inventories. Yesterday, the Energy Information Administration (EIA) report indicated that US crude stockpiles … Continue reading →

Crude Oil Movement Crude Oil prices jumped 3.30% against the USD for the 24-hour period ending 23:00GMT, closing at 48.22, climbing for the first time in three sessions, as a potential strike by Norwegian oil workers threatened to cut crude … Continue reading →

Crude Oil Movement Crude Oil prices declined 1.87% against the USD for the 24-hour period ending 23:00GMT, closing at 46.68, extending its previous session losses, as Britain’s shocking vote to leave the European Union continued to weigh on market sentiment. … Continue reading →

Crude Oil Movement Crude Oil prices declined 4.78% against the USD for the 24-hour period ending 23:00GMT, closing at 47.60, after Britain’s vote to leave the European Union threatened to cut short a three-month-long recovery in global oil markets. Separately, … Continue reading →

Crude Oil Movement Crude Oil prices advanced 1.05% against the USD for the 24-hour period ending 23:00GMT, closing at 49.99, after oscillating between gains and losses throughout the trading session. Yesterday, Saudi Arabia’s energy minister, Khalid Al-Falih, indicated that the … Continue reading →

Crude Oil Movement Crude Oil prices declined 1.59% against the USD for the 24-hour period ending 23:00GMT, closing at 49.47, after a smaller-than-expected drawdown in US inventories. Yesterday, the Energy Information Administration (EIA) report indicated that US crude oil inventories … Continue reading →

Crude Oil Movement Crude Oil prices advanced 2.22% against the USD for the 24-hour period ending 23:00GMT, closing at 50.27, after the American Petroleum Institute (API) reported that US oil inventories fell more-than-expected by 5.2 million barrels to 531.5 million … Continue reading →

Crude Oil Movement Crude Oil prices advanced 1.91% against the USD for the 24-hour period ending 23:00GMT, closing at 49.18, settling higher for a second straight day, amid expectations that Britain will remain in the European Union after this week’s … Continue reading →

Crude Oil Movement Crude Oil prices advanced 4.49% against the USD for the 24-hour period ending 23:00GMT, closing at 48.14, snapping a six-session losing streak, as market anxiety about Britain’s possible exit from the European Union eased, driving up oil … Continue reading →