Crude Oil Dropped As The Shutdown Of Several Refineries - Dollar Advisory | Best Commodity Tips Provider

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Monday 4 September 2017

Crude Oil Dropped As The Shutdown Of Several Refineries

Crude oil trading range for the day is 2966-3056.

Crude oil dropped as the shutdown of several refineries in the wake of tropical storm Harvey weighed on refinery activity reducing demand for oil.

US Gov't forced to tap into Strategic Petroleum Reserve for first time in 5 years due to hurricane Harvey. 1M barrels going to Gulf Coast.

EIA says US crude output fell by 0.8% in June.

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