Crude Oil Prices Settled Higher As Signs Of A Slowdown In U.S. Output - Dollar Advisory | Best Commodity Tips Provider

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Monday 2 July 2018

Crude Oil Prices Settled Higher As Signs Of A Slowdown In U.S. Output

Crude oil trading range for the day is 4972-5162.

Crude oil prices settled higher as signs of a slowdown in U.S. output, and continued supply outages, prompted traders to increase their bullish bets on oil.

Unplanned supply disruptions from Libya to Venezuela also remained in focus.

North America's oil markets have tightened as an outage of Canada's Syncrude has locked in over 300,000 barrels per day of production.

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