Crude Oil Dropped On Worries That U.S. President Trump's Decision - Dollar Advisory | Best Commodity Tips Provider

Breaking

Monday 5 June 2017

Crude Oil Dropped On Worries That U.S. President Trump's Decision

Crude oil trading range for the day is 2968-3186.

Crude oil dropped on worries that U.S. President Trump's decision to abandon a climate pact could spark more crude drilling in the United States, worsening a global glut.

U.S. crude production last week already stood nearly 500,000 bpd above the year-earlier level, straining OPEC's efforts to drain a global overhang.

Rising output from OPEC members Nigeria and Libya, which are exempt from the deal, is also undercutting the attempt to limit production.

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

No comments:

Post a Comment