Crude Settled Higher As Investors Remained Optimistic - Dollar Advisory | Best Commodity Tips Provider

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Friday 19 May 2017

Crude Settled Higher As Investors Remained Optimistic

Crude oil trading range for the day is 3076-3288.

Crude settled higher as investors remained optimistic that OPEC would reach an agreement to extend the current supply-cut.

Prices have been trapped in a tight range in recent weeks as rising US production has erased the effects of output cuts.

Saudi Arabia and Russia agreed earlier this week that production cuts needed to be extended for a period of nine months until March 2018.

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