Thursday, 1 August 2019

Crude Oil Prices Gained After The Release Of Weekly Data That Showed A Decline In U.S.

Crude oil trading range for the day is 3976-4080.

Crude oil prices gained after the release of weekly data that showed a decline in U.S. crude stockpile.

According to the data released by U.S. EIA, crude inventories in the U.S. dropped by about 8.5 million barrels.

Crude inventories declined by 6 million barrels in the week ended July 26 to 443 million barrels, the API data showed.

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