Crude Oil Dropped Weighed Down By A Continuing Expansion In U.S. - Dollar Advisory | Best Commodity Tips Provider

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Tuesday 20 June 2017

Crude Oil Dropped Weighed Down By A Continuing Expansion In U.S.

Crude oil trading range for the day is 2857-2953.

Crude oil dropped weighed down by a continuing expansion in U.S. drilling that has helped to maintain high global supplies.

Traders said the main factor driving prices lower was a steady rise in U.S. production undermining the OPEC-led effort.

Japan's customs-cleared crude oil imports fell 13.5 percent in May from the same month a year earlier, to 2.83 million bpd, the Ministry of Finance said.

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