Crude Oil Prices Settled Higher As Data Showing An Unexpected Build In Crude Supplies

Crude oil trading range for the day is 4480-4616.

Crude oil prices settled higher as data showing an unexpected build in crude supplies was offset by record exports of crude last week.

Inventories of U.S. crude unexpectedly rose by 2.170 million barrels confounding expectations for a draw of 1.6 million barrels, according to data from the EIA.

U.S. President Trump and French President Macron pledged to try to resolve differences on Iran, easing concerns that US might reinstate sanctions against Tehran.

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