Noor Trends News, Technical Analysis, Educational Tools and Recommendations
Oil, Crude, trading
Read More »Oil Gets Positive Signals
Oil Loses Half of its Weekly Gains on Friday
Oil prices declined on Friday, with growing concerns about the new wave of the Coronavirus pandemic. New lockdown and preventive measures announced by some countries are raising concerns about the recovery of the global demand for energy. Brent crude futures for January delivery declined by $1.48, or 3.6%, to finish …
Read More »US Oil Rigs Rise for Fifth Week in Row
Oil and natural gas rigs in the United States increased for the eighth consecutive week, according to Friday’s weekly report by Baker Hughes. This is the first time that oil rigs increased at this rate since June 2018, amid output cuts and price fluctuations. Oil and gas rigs rose by …
Read More »Oil Declining as Covid-19 Cases Rise And Vote Count Continues in America
US oil fell more than 2% on Friday, as new lockdown measures in Europe to stem the rise in Covid-19 cases fueled concerns about the outlook for demand, while markets remain in a state of tension due to the long-running US election counting. West Texas Intermediate crude fell $ 1.06, …
Read More »Oil May Have a Temporary Decline
Oil, Crude, trading
Read More »Oil Settles Lower for First Time in Four Days
Oil prices declined on Thursday, after rising for three consecutive sessions, amid growing concerns about the COVID-19 pandemic. Brent crude futures for January delivery lost 30 cents, or 0.7%, to finish at $40.93 per barrel. Meanwhile, the West Texas Intermediate (WTI) futures for December delivery closed lower by 36 cents, …
Read More »Oil Down by More Than 1% on US Election
Oil prices fell Thursday, November 5, as Democratic candidate Joe Biden approaches victory in the exciting US presidential election, but Republicans are likely to retain control of the Senate, reducing the chances of implementing any major easing package from the repercussions of the Covid-19 pandemic. By 07:56 GMT, WTI futures …
Read More »EIA: Crude Inventories Fell Significantly in Past Week
The US Energy Information Administration said on Wednesday that crude oil inventories in the United States fell significantly in the past week, while gasoline inventories rose and distillate stocks decreased. Crude stocks fell by 8 million barrels in the week to October 30, compared to analysts’ expectations in a Reuters …
Read More »EIA: Weekly Crude Exports Fell to The Lowest Level Since January
According to data from the US Energy Information Administration, weekly US crude oil exports fell by 1.2 million barrels per day to about 2.3 million barrels per day last week, the largest drop since January, as Hurricane Zita disrupted flows. Meanwhile, distillate stocks in the Gulf of Mexico in the …
Read More »Oil Posts Noticeable Gains
Oil, Crude, trading
Read More »