Crude Oil Dropped As Prices Declined After Data Showed A Surprise Increase In U.S

Crude oil trading range for the day is 3500-3702. Crude oil dropped as costs declined after information demonstrated a shock increment in U.S. rough supplies a week ago. The U.S. EIA said in its week by week report that unrefined petroleum inventories ascended by 2.3 million barrels in the week finished December 16. Trust between oil delivering nations is critical if a worldwide arrangement to diminish yield is to succeed, Russian Energy Minister Alexander Novak said.

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