Thursday, 7 February 2019

Crude Oil Gained After Weekly U.S. Government Data Revealed

Crude Oil trading range for the day is 3760-3954.

Crude oil gained after weekly U.S. government data revealed smaller-than-expected increases in domestic crude and gasoline supplies.

Global economic worries have weighed on market sentiment in recent days, offsetting support from signs that global supplies are tightening.

U.S. crude stocks rose even as refineries boosted output, while gasoline and distillate stocks increased, data from the American Petroleum Institute showed.

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