Crude Oil Gained Posting A Fourth Straight Day Of Gains

Crude oil trading range for the day is 3288-3390.

Crude oil gained posting a fourth straight day of gains, but prices remained cautious about record-high U.S. crude inventories.

EIA reported an increase of 1.57 million barrels in crude inventories, bringing total U.S. stocks to a record of 535.5 million barrels.

The record crude inventories came as U.S. oil production rose 52,000 bpd to 9.2 mbpd, a more than 9 percent increase since mid-2016.

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