Crude Oil Movement Crude Oil prices advanced 3.26% against the USD for the 24-hour period ending 23:00GMT, closing at 47.88, reaching a six-month high level, as supply disruptions in Nigeria, Africa’s largest oil producer, led to speculation that it would … Continue reading →

Crude Oil Movement Crude Oil prices declined 0.15% against the USD for the 24-hour period ending 23:00GMT, closing at 46.29, reversing its three consecutive session gains, after the Organization of the Petroleum Exporting Countries (OPEC) in its monthly report indicated … Continue reading →

Crude Oil Movement Crude Oil prices advanced 0.96% against the USD for the 24-hour period ending 23:00GMT, closing at 46.36, oscillating between gains and losses throughout the trading session, after the International Energy Agency (IEA) raised its 2016 global oil … Continue reading →

Crude Oil Movement Crude Oil prices advanced 2.96% against the USD for the 24-hour period ending 23:00GMT, closing at 45.92, after the Energy Information Administration (EIA) disclosed that US crude oil inventories unexpectedly declined by 3.4 million barrels during the … Continue reading →

Crude Oil Movement Crude Oil prices advanced 2.93% against the USD for the 24-hour period ending 23:00GMT, closing at 44.60, amid expectations that oil supply disruptions in Canada and Nigeria would help alleviate the persistent global supply glut. However, the … Continue reading →

Crude Oil Movement Crude Oil prices declined 2.76% against the USD for the 24-hour period ending 23:00GMT, closing at 43.33, after reports emerged that Canada’s wildfires have moved away from the nation’s key oil production facilities region and that supplies … Continue reading →

Crude Oil Movement Crude Oil prices advanced 0.41% against the USD for the 24-hour period ending 23:00GMT, closing at 44.62, after Baker Hughes reported that the US oil rig count declined by 4 to a level of 328 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 44.44, after a raging wildfire near Canada’s oil sands region and escalating tensions in Libya stoked concerns of a near-term shortage … Continue reading →

Crude Oil Movement Crude Oil prices advanced 1.26% against the USD for the 24-hour period ending 23:00GMT, closing at 44.32. However, the gains in oil prices were capped after the Energy Information Administration (EIA) disclosed that US crude oil inventories … Continue reading →

Crude Oil Movement Crude Oil prices declined 2.34% against the USD for the 24-hour period ending 23:00GMT, closing at 43.77, after reports emerged of increased oil production in the Middle East, reinvigorating concerns about global supply glut. Separately, the American … Continue reading →

Crude Oil Movement Crude Oil prices declined 2.54% against the USD for the 24-hour period ending 23:00GMT, closing at 44.82, after data showed that crude production by the Organization of the Petroleum Exporting Countries (OPEC) reached an all-time peak of … Continue reading →