Crude Oil Gains As Concerns Over Rising Levels Of U.S. Crude Oil

Crude oil trading range for the day is 3116-3268.

Crude oil gains as concerns over rising levels of U.S. crude oil inventories abated, after the EIA reported U.S. crude inventories fell more than expected.

The U.S. Energy Information Administration said in its weekly report that crude oil inventories fell by 3.6 million barrels in the week ended April 21.

A report by API showed that U.S. crude oil inventories rose by 897,000 barrels in the week to April 21 to 532.5 million barrels.

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