Crude Oil Movement Crude Oil prices declined 2.95% against the USD for the 24-hour period ending 23:00GMT, closing at 46.07, dropping for the sixth straight session, on concerns of global economic turmoil if Britain chooses to exit the European Union. … Continue reading →

Crude Oil Movement Crude Oil prices declined 0.71% against the USD for the 24-hour period ending 23:00GMT, closing at 47.47, falling for the fifth straight session, its longest losing streak since February 2016, following a lower than expected draw in … Continue reading →

Crude Oil Movement Crude Oil prices declined 1.42% against the USD for the 24-hour period ending 23:00GMT, closing at 47.81, dropping for the fourth straight session, after the American Petroleum Institute (API) reported that US oil inventories unexpectedly rose by … Continue reading →

Crude Oil Movement Crude Oil prices declined 0.78% against the USD for the 24-hour period ending 23:00GMT, closing at 48.50, extending losses for the third consecutive session. Separately, the Organisation of the Petroleum Exporting Countries (OPEC) predicted that the global … Continue reading →

Crude Oil Movement Crude Oil prices declined 2.93% against the USD for the 24-hour period ending 23:00GMT, closing at 49.03, amid strength in US dollar and after Baker Hughes reported that the US oil rig count increased by 3 to … Continue reading →

Crude Oil Movement Crude Oil prices declined 1.94% against the USD for the 24-hour period ending 23:00GMT, closing at 50.51, snapping a three-day rally. In the Asian session, at GMT0300, the pair is trading at 50.44, with the oil trading … Continue reading →

Crude Oil Movement Crude Oil prices advanced 2.20% against the USD for the 24-hour period ending 23:00GMT, closing at 51.51, after the Energy Information Administration (EIA) report indicated that US crude oil inventories declined 3.2 million barrels during the week … Continue reading →

Crude Oil Movement Crude Oil prices advanced 1.61% against the USD for the 24-hour period ending 23:00GMT, closing at 50.40, hitting 2016 highs, after the American Petroleum Institute (API) reported that US oil inventories fell more-than-expected by 3.6 million barrels … Continue reading →

Crude Oil Movement Crude Oil prices advanced 1.10% against the USD for the 24-hour period ending 23:00GMT, closing at 49.60, reversing its previous session losses, amid supply outages in Nigeria. In the Asian session, at GMT0300, the pair is trading … Continue reading →

Crude Oil Movement Crude Oil prices declined 0.51% against the USD for the 24-hour period ending 23:00GMT, closing at 48.78, after Baker Hughes reported that the US oil rig count increased by nine to a level of 325 in the … Continue reading →

Crude Oil Movement Crude Oil prices advanced 0.27% against the USD for the 24-hour period ending 23:00GMT, closing at 49.03, after the latest drawdown in US crude stockpiles offset the Organisation of the Petroleum Exporting Countries’ (OPEC) failure to reach … Continue reading →