Crude Oil Prices Jumped On The Expectation That Saudi Arabia

Crude oil trading range for the day is 3619-379

Crude oil prices jumped on the expectation that Saudi Arabia, and other producers OPEC may take action to support the market by reducing supply.

Saudis considering all options available to stop oil drop according to officials

A surprise build in U.S. crude inventories added to worries that the China-U.S. trade war could further dampen demand growth this year.

Crude oil imports to China, in July rose 14% from a year earlier as its new refineries ramp up purchases.

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