Crude Oil Prices Settled Higher After Data Showed Crude Stockpiles Fell - Dollar Advisory | Best Commodity Tips Provider

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Thursday 23 November 2017

Crude Oil Prices Settled Higher After Data Showed Crude Stockpiles Fell

Crude oil trading range for the day is 3656-3818.

Crude oil prices settled higher after data showed crude stockpiles fell, while a disruption in Canada lifted sentiment.

Inventories of crude fell by roughly 1.9mbls for the week ended Nov. 18, beating expectations of a draw of 1.6mbls.

US is unlikely to export 2mbpd of crude on a sustained basis in the near-term despite reaching record levels in October. 
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