Crude Oil Dropped On The Back Of A Broadly Stronger U.S. Dollar - Dollar Advisory | Best Commodity Tips Provider

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Friday 16 December 2016

Crude Oil Dropped On The Back Of A Broadly Stronger U.S. Dollar

Crude Oil trading range for the day is 3352-3564. Crude Oil dropped on the back of an extensively more grounded U.S. dollar after the Federal Reserve raised loan costs without precedent for a year. EIA demonstrated that business unrefined inventories a week ago declined by 2.56 million barrels to 483.19 million barrels. OPEC part Kuwait anticipates that oil costs will be about $50-$60 a barrel in January when the OPEC arrangement to cut yield becomes effective, its oil serve said.

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