Crude Oil Gained Supported By Ongoing Bets On A Shortage In Global Crude Supplies - Dollar Advisory | Best Commodity Tips Provider

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Monday 9 July 2018

Crude Oil Gained Supported By Ongoing Bets On A Shortage In Global Crude Supplies

Crude oil trading range for the day is 4927-5163.

Crude oil gained supported by ongoing bets on a shortage in global crude supplies amid rising oil demand, the potential for a larger drop in Iranian crude exports.

Expectations for a shortage in global crude supplies come against the backdrop of rising Russian and Saudi output.

Iran's Oil Minister says President Trump is a 'hostage' of Russian and Saudi policies incapable of lowering oil prices.

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