Crude oil rises on impact of Turkey earthquake
Crude oil traded higher on Tuesday morning as Monday’s earthquake led to the halting of export operations at one of the oil terminals in Turkey.At 10 am on Tuesday, April Brent oil futures were up 0.95 per cent at $81.76 and March crude oil futures on WTI were at $74.90, a rise of 1.07 per […]
Crude oil rises on hopes of favourable Fed, OPEC meetings
Crude oil traded higher on Wednesday morning, fuelled by recent data showing signs of recovery in the US economy and market expectations that the US Federal Reserve may not resort to an aggressive interest rate hike later today. At 10 am on Wednesday, April Brent oil futures were at $85.72, up by 0.30 per cent; […]
Crude oil declines as data show rise in US inventories
Crude oil traded lower on Thursday morning as data from an industry body in the US showed an increase in crude oil inventory last week. At 10 am on Thursday, March Brent oil futures were at $83.88, down by 1.29 per cent, and March crude oil futures on WTI were at $78.56, down by 1.55 […]
Crude oil gets boost from Chinese demand recovery forecast
Crude oil traded higher on Wednesday morning following hopes of recovering demand in the Chinese market. This followed OPEC’s (Organization of Petroleum Exporting Countries) monthly oil market report’s forecast of demand recovery for crude oil in China. At 10 am on Wednesday, March Brent oil futures were at $86.49, up by 0.66 per cent, and […]