Crude Oil Gained As Data Showed U.S. Supplies Of Crude Oil - Dollar Advisory | Best Commodity Tips Provider

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Thursday 24 August 2017

Crude Oil Gained As Data Showed U.S. Supplies Of Crude Oil

Crude oil trading range for the day is 3036-3152.

Crude oil gained as data showed U.S. supplies of crude oil fell for an eighth-straight week while fears of falling demand for gasoline eased.

Prices also got support buoyed by potential output disruptions from a storm approaching the Gulf Coast.

Inventories of U.S. crude fell by roughly 3.3m barrels in the week ended Aug 18, missing expectations of a draw of about 3.5m barrels.

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