Crude Oil Settled Higher Amid Supply Disruptions After A Major North Sea - Dollar Advisory | Best Commodity Tips Provider

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Tuesday 12 December 2017

Crude Oil Settled Higher Amid Supply Disruptions After A Major North Sea

Crude oil trading range for the day is 3629-3783.

Crude oil settled higher amid supply disruptions after a major North Sea pipeline shut for repairs, while signs of rising US production capped gains.

Booming demand will push China ahead of the United States as the world’s biggest crude importer this year.

U.S. crude output had risen 25,000 bpd to 9.7 mbpd, the highest production since the 1970s and close to the production levels of Russia and Saudi Arabia.

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