Crude Oil Gains Paring Some Of The Losses Sustained - Dollar Advisory | Best Commodity Tips Provider

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Friday 23 June 2017

Crude Oil Gains Paring Some Of The Losses Sustained

Crude oil trading range for the day is 2701-2851.

Crude oil gains paring some of the losses sustained in recent sessions but sentiment remained bearish as investors continue to fret about rising global stockpiles.

The move comes a day after EIA said that crude stockpiles fell by roughly 2.45m barrels in the week ended June 16, above expectations of draw of about 2.1m barrels.

According to EIA, domestic output climbed by 20,000 barrels to 9.35 million barrels a day last week, almost 8% higher than the same period last year.

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