CRUDE OIL NEWS UPDATED BY ROYAL TRADERS

Live News Update Oil prices rise amid ongoing supply cuts, but recession fears loom Oil prices climbed on Tuesday, pushed up by supply cuts led by producer club OPEC and U.S. sanctions against Iran and Venezuela, although concerns about a potential recession kept markets from rising further. Brent crude oil futures were at $67.48 per Read more about CRUDE OIL NEWS UPDATED BY ROYAL TRADERS[…]

CRUDE OIL NEWS UPDATED BY ROYAL TRADERS

Live News Update China’s ShFE launches crude oil futures index; plans more products China’s Shanghai Futures Exchange (ShFE) will start on Tuesday publishing an index linked to the prices of its crude oil futures contracts, a year after the launch of futures trading, the ShFE said in a release posted on its WeChat channel. The Read more about CRUDE OIL NEWS UPDATED BY ROYAL TRADERS[…]

CRUDE OIL NEWS UPDATED BY ROYAL TRADERS

Live News Update Oil prices slip amid worries of severe economic slowdown Oil prices slipped on Monday, with concerns of a sharp economic slowdown outweighing supply disruptions from OPEC’s production cutbacks and from U.S. sanctions on Iran and Venezuela. Brent crude oil futures were at $66.73 per barrel at 0752 GMT, down 30 cents, or Read more about CRUDE OIL NEWS UPDATED BY ROYAL TRADERS[…]

CRUDE OIL NEWS UPDATED BY ROYAL TRADERS

Live News Update Oil prices drop almost 1 percent on concerns recession may be looming Oil prices dropped by almost 1 percent on Monday, with concerns recession could be looming outweighing supply disruptions from OPEC’s production cutbacks and from U.S. sanctions on Iran and Venezuela. Brent crude oil futures were at $66.56 per barrel at Read more about CRUDE OIL NEWS UPDATED BY ROYAL TRADERS[…]

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CRUDE OIL NEWS UPDATED BY ROYAL TRADERS

Live News Update Saudi Arabia Continues To Cut Crude Oil Exports Saudi Arabia’s crude oil exports continued to fall at the start of this year after OPEC’s largest producer started to aggressively cut oil supply in December last year to prevent another glut, while the Kingdom signals that further cuts are coming. According to data Read more about CRUDE OIL NEWS UPDATED BY ROYAL TRADERS[…]

CRUDE OIL NEWS UPDATED BY ROYAL TRADERS

Live News Update Oil Prices Fall After Recording Best Weekly Gains in A Month Oil prices fell on Monday in Asia after recording their best weekly gains in a month last week. U.S. Crude Oil WTI Futures traded 0.4% down to $58.59. Last week, the U.S. benchmark climbed 4.3%, its best weekly gain in about Read more about CRUDE OIL NEWS UPDATED BY ROYAL TRADERS[…]

CRUDE OIL NEWS UPDATED BY ROYAL TRADERS

Live News Update Oil Prices Fall After Recording Best Weekly Gains in A Month Oil prices fell on Monday in Asia after recording their best weekly gains in a month last week. U.S. Crude Oil WTI Futures traded 0.4% to $58.59. Last week, the U.S. benchmark climbed 4.3%, its best weekly gain in about a Read more about CRUDE OIL NEWS UPDATED BY ROYAL TRADERS[…]

CRUDE OIL NEWS UPDATED BY ROYAL TRADERS

Live News Update Oil Prices Trade Near Flat Ahead of IEA Monthly Report Oil prices were near flat on Friday in Asia after rising to near four-month highs the previous day. U.S. Crude Oil WTI Futures was up 0.01% at $58.63 by 10:37 PM ET (02:37 GMT). International Brent Oil Futures edged up 0.1% to Read more about CRUDE OIL NEWS UPDATED BY ROYAL TRADERS[…]

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CRUDE OIL NEWS UPDATED BY ROYAL TRADERS

Live News Update US-China trade deal may send Brent crude prices to $70 level Crude prices ended the week on a positive note after news from Saudi Arabia that it’s planning to reduce its output to 9.8 million bpd for March, over half a million bpd below its pledged production level under a global supply-cutting Read more about CRUDE OIL NEWS UPDATED BY ROYAL TRADERS[…]

CRUDE OIL NEWS UPDATED BY ROYAL TRADERS

Live News Update Iran hunts for more ships to keep its oil flowing Iran is discreetly scouring the globe for second-hand oil tankers to replace its ageing fleet and keep crucial crude exports flowing as U.S. sanctions start to bite, Iranian and Western sources said. Since U.S. President Donald Trump reimposed sanctions in November, exploratory Read more about CRUDE OIL NEWS UPDATED BY ROYAL TRADERS[…]

CRUDE OIL NEWS UPDATED BY ROYAL TRADERS

Live News Update Oil Prices Rise as U.S. Plans More Venezuela-related Sanctions Oil prices traded higher on Wednesday in Asia following news that the U.S. is planning some “very significant” Venezuela-related sanctions in the coming days, according to U.S. special envoy Elliott Abrams. Abrams did not elaborate on the fresh measures, although he said Washington Read more about CRUDE OIL NEWS UPDATED BY ROYAL TRADERS[…]

CRUDE OIL NEWS UPDATED BY ROYAL TRADERS

Live News Update Crude oil prices bounce 0.13% on global cues At the MCX, crude for delivery in March was trading higher by Rs 5, or 0.13 percent, at Rs 3,972 per barrel in a business turnover of 3,694 lots. Crude oil prices rose 0.13 percent to Rs 3,972 per barrel on March 12 as Read more about CRUDE OIL NEWS UPDATED BY ROYAL TRADERS[…]

CRUDE OIL NEWS UPDATED BY ROYAL TRADERS

Live News Update Oil prices rise amid broad market rally, OPEC supply cuts Oil prices rose on Tuesday, lifted by healthy demand and output cuts led by producer group OPEC. A rally in broader financial markets also supported crude futures, although analysts still warned of risks to the global economy. US West Texas Intermediate (WTI) Read more about CRUDE OIL NEWS UPDATED BY ROYAL TRADERS[…]

CRUDE OIL NEWS UPDATED BY ROYAL TRADERS

Live News Update Oil Prices Continue to Recover; U.S. to Drive Global Oil Supply Growth, IEA Says Oil prices continued to recover on Tuesday, lifted by comments from Saudi Energy Minister Khalid al-Falih that the desert kingdom will extend the deep supply cuts it has been carrying out on its oil. U.S. Crude Oil WTI Read more about CRUDE OIL NEWS UPDATED BY ROYAL TRADERS[…]

CRUDE OIL NEWS UPDATED BY ROYAL TRADERS

Live News Update Saudi Arabia to Extend Deep Oil Output Cuts Into April Saudi Arabia will supply its clients with significantly less oil than they requested in April, extending deeper-than-agreed oil production cuts into a second month, a Saudi official familiar with the policy said. The move is the latest sign Riyadh is determined to Read more about CRUDE OIL NEWS UPDATED BY ROYAL TRADERS[…]

CRUDE OIL NEWS UPDATED BY ROYAL TRADERS

Live News Update Occidental emerges as heavy hitter in U.S. oil export boom Occidental Petroleum Corp (NYSE:OXY) has emerged as one of the biggest exporters of U.S. shale oil, rivaling large trading firms and oil majors, in a market now worth more than $150 million every day. It is showing no signs of slowing down, Read more about CRUDE OIL NEWS UPDATED BY ROYAL TRADERS[…]

CRUDE OIL NEWS UPDATED BY ROYAL TRADERS

Live News Update Oil Prices Rise on Saudi Oil Minister’s Comments Oil prices gained on Monday in Asia following reports that Saudi Arabia oil minister Khalid al-Falih said there will be no OPEC+ output policy change until June. Al-Falih told Reuters on Sunday it would be too early to change OPEC+ output policy at the Read more about CRUDE OIL NEWS UPDATED BY ROYAL TRADERS[…]

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