Crude Oil Rose As Concerns Grew Over Russia's Support For An Extension - Dollar Advisory | Best Commodity Tips Provider

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Monday 20 November 2017

Crude Oil Rose As Concerns Grew Over Russia's Support For An Extension

Crude Oil trading range for the day is 3570-3752.

Crude oil rose as concerns grew over Russia's support for an extension of the crude output cuts that have bolstered prices in recent months.

U.S. crude oil production has hit a record of 9.65 million bpd, meaning output has risen by almost 15 percent since its mid-2016 low.

OPEC's main obstacle in tightening the market is the United States, where crude oil production hit a record of 9.65 million barrels per day.

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