Crude Oil Gained After Industry Data Showed A Surprise Drawdown - Dollar Advisory | Best Commodity Tips Provider

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Thursday 16 March 2017

Crude Oil Gained After Industry Data Showed A Surprise Drawdown

Crude oil trading range for the day is 3119-3241.

Crude oil gained after industry data showed a surprise drawdown in U.S. crude stockpiles.
The U.S. Energy Information Administration said in its weekly report that crude oil inventories declined by 237,000 barrels in the week ended March 10.

Global oil inventories rose for the first time in January as the market grappled with a swell in production last year.

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