Crude Oil Pushed Lower After Data From The US EIA Showed - Dollar Advisory | Best Commodity Tips Provider

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Thursday 9 November 2017

Crude Oil Pushed Lower After Data From The US EIA Showed

Crude oil trading range for the day is 3610-3808.

Crude oil pushed lower after data from the US EIA showed that domestic crude stockpiles declined less than expected last week.

The US EIA said in its weekly report that crude oil inventories fell by 2.2 million barrels in the week ended November 3.

Prices have also been supported in recent weeks by expectations that oil producing countries will agree to extend an output cut.

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