Thursday, 19 April 2018

Crude Oil Prices Rose As Traders Cheered Data Showing An Unexpected Fall In Crude Stockpiles

Crude Oil trading range for the day is 4315-4571.

Crude oil prices rose as traders cheered data showing an unexpected fall in crude stockpiles, while a draw in product inventories also supported sentiment.

Crude inventories fell 1.1 million barrels in the week to April 13, the Energy Information Administration said.

In the United States, crude inventories fell by 1 million barrels last week, to 428 million barrels, according to a weekly report by the American Petroleum Institute.

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