Thursday, 18 April 2019

Crude Oil Gained Propelled By Steady Economic Growth In China

Crude oil trading range for the day is 4400-4494.

Crude oil gained propelled by steady economic growth in China and a fall in U.S. crude stocks which defied expectations and signalled firm demand.

Russia raised concern the OPEC-led supply-cutting pact may not be renewed. Russia and the producer group may decide to boost output to fight for market share.

OPEC and other producers including Russia, an alliance known as OPEC+, have been cutting output since Jan. 1.

For more information +91- 6232578593 or visit www.moneymarketmanthan.com

No comments:

Post a Comment

Silver Trading Range For The Day Is 46112-46984

Silver trading range for the day is 46112-46984. Silver prices ended with losses as stocks traded higher ahead of the U.S.-China phase o...