Crude Oil Dropped After A Mostly Bearish EIA Report Showed Crude Stockpiles Fell - Dollar Advisory | Best Commodity Tips Provider

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Thursday 30 November 2017

Crude Oil Dropped After A Mostly Bearish EIA Report Showed Crude Stockpiles Fell

Crude oil trading range for the day is 3601-3795.

Crude oil dropped after a mostly bearish EIA report showed crude stockpiles fell more-than-estimated, but both gasoline and distillates supplies unexpectedly rose.

Inventories of U.S. crude fell by roughly 3.4 million barrels for the week ended Nov. 24, beating expectations of a draw of 2.3 million barrels.

The American Petroleum Institute data showed U.S. crude inventories rose by 1.8 million barrels in the week to Nov. 24 to 457.3 million barrels.

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