Crude Oil Dropped On Lack Of Confirmation That OPEC Will Extend - Dollar Advisory | Best Commodity Tips Provider

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Tuesday 25 April 2017

Crude Oil Dropped On Lack Of Confirmation That OPEC Will Extend

Crude oil trading range for the day is 3133-3275.

Crude oil dropped on lack of confirmation that OPEC will extend output cuts, while Russia indicated it can lift output.

Russian output could climb to its highest rate in 30 years if producers do not extend a 6-month supply reduction deal beyond June 30.

Sentiments remain weak on signs that rising US shale production offset efforts by OPEC to cut output by almost 1.8mbpd in the first half of the year.


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