Crude oil trading range for the day is 3231-3363.
Crude oil prices settled lower as a bearish outlook on global oil demand for 2018 offset data showing U.S. crude oil stockpiles fell for the third-straight week.
Inventories of U.S. crude fell by roughly 2.8m barrels in the week ended Oct. 6, handily beating expectations of a draw of 2m barrels.
There will be a higher demand for oil in 2018 as a tighter market could led to a deficit next year, the Organization of the Petroleum Exporting Countries said.
For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory
Crude oil prices settled lower as a bearish outlook on global oil demand for 2018 offset data showing U.S. crude oil stockpiles fell for the third-straight week.
Inventories of U.S. crude fell by roughly 2.8m barrels in the week ended Oct. 6, handily beating expectations of a draw of 2m barrels.
There will be a higher demand for oil in 2018 as a tighter market could led to a deficit next year, the Organization of the Petroleum Exporting Countries said.
For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory
No comments:
Post a Comment