Tuesday, 10 April 2018

Crude Oil Prices Rose Supported By A Rebound In The Stock Market As Concerns

Crude oil trading range for the day is 3999-4187.

Crude oil prices rose supported by a rebound in the stock market as concerns of a trade war between the United States and China eased.

In physical oil markets, OPEC's number two producer Iraq said on Monday that it is keeping prices for its crude supplies in May steady.

In the United States, drillers added 11 rigs looking for new production in the week to April 6, bringing the total count to 808, the highest level since March 2015.

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