Crude Oil Prices Rose As U.S. Crude Inventories Grew Less

Crude oil trading range for the day is 3124-3264. Crude oil prices rose as U.S. crude inventories grew less than expected and supply disruptions continued in Libya.

U.S. crude futures surged to nearly a two-week high after EIA reported that crude inventories rose 867,000 barrels last week, nearly half the build expected.

Oil production from the western Libyan fields of Sharara and Wafa has been blocked by armed protesters, reducing output by 252,000 barrels per day.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory