Thursday, 10 October 2019

Crude Oil Gained Following Media Reports That China Was Open To Agreeing

Crude oil trading range for the day is 3673-3873.

Crude oil gained following media reports that China was open to agreeing a partial trade deal with the United States.

Turkey's military operation in northern Syria also supported prices as it could impact regional oil production.

U.S. crude stocks rose last week as refineries cut output, while gasoline and distillate inventories fell, the Energy Information Administration said.

U.S. crude stocks rose last week, while gasoline and distillate stocks drew, data from industry group the American Petroleum Institute showed.

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