Crude Oil Ended With Gains But Dropped On Weekly Basis By Around 8%

Crude oil trading range for the day is 3950-4172.

Crude oil ended with gains but dropped on weekly basis by around 8% due to rising inventories and concerns of an economic slowdown.

U.S. crude inventories rose to hit the highest since July 2017, suggesting ample supplies in the world's top consumer.

Meanwhile, worries that the U.S.-China trade is developing into a more entrenched dispute have also hit prices.

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