Crude Oil Settled Lower After Data Showing Crude Stockpiles Fell - Dollar Advisory | Best Commodity Tips Provider

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Thursday 7 December 2017

Crude Oil Settled Lower After Data Showing Crude Stockpiles Fell

Crude oil trading range for the day is 3572-3746.

Crude oil settled lower after data showing crude stockpiles fell for the third straight week failed to offset a larger-than-expected build in gasoline supplies.

Inventories of U.S. crude fell by roughly 5.6 million barrels for the week ended Dec. 2, beating expectations of a draw of 3.4 million barrels.

Gasoline inventories rose by 6.8 million barrels, well above expectations for rise of 1.7 million barrels.

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