Crude oil futures down on US economic numbers
Crude oil futures traded lower on Friday morning following a strong US economic data and hawkish remarks from Fed Reserve officials over the interest rate to control inflation in that country. At 10.02 am on Friday, April Brent oil futures were at $84.34, down by 0.94 per cent, while March crude oil futures on WTI […]
Crude oil futures marginally down on inventory data
Crude oil futures traded marginally lower on Thursday morning as the US showed an increase in the crude oil inventories. At 10 am on Thursday, April Brent oil futures were at $85.05, down by 0.05 per cent; and March crude oil futures on WTI were at $78.41, down by 0.08 per cent. February crude oil futures […]
Crude oil pares losses ahead of OPEC panel meet
After witnessing around 2 per cent drop in Tuesday’s session, crude oil futures traded higher on Wednesday morning. The scheduled meeting of the Joint Ministerial Monitoring Committee (JMMC) of OPEC+ (Organization of Petroleum Exporting Countries) and its allies next week is boosting the demand for the commodity. At 10 am on Wednesday, March Brent oil […]
Crude oil gains marginally on US interest rate outlook
Crude oil futures traded marginally higher on global exchanges on Tuesday morning following hopes that monetary policy tightening by the US will be less aggressive and expectations of a demand recovery in China. At 10 am on Tuesday, March Brent oil futures were at $88.21, up by 0.02 per cent, and March crude oil futures […]
Crude oil trades lower on Chinese lunar new year holiday
Crude oil futures traded lower on Monday as one of the its main markets—China—is witnessing Lunar New Year holiday. At 10 am on Monday, March Brent oil futures were at $87.25, down by 0.43 per cent, while March crude oil futures on WTI were at $81.33, down by 0.38 per cent. February crude oil futures […]
Crude oil dips as market waits for demand outlook reports
Crude oil traded lower on Monday morning as investors are now waiting for the demand outlook reports from major industry organisations this week.At 10.01 am on Monday, March Brent oil futures were at $84.76, down by 0.61 per cent, and March crude oil futures on WTI were at $79.42, down by 0.86 per cent. January […]