Friday 1 November 2019

Crude Oil Dropped As Prices Came Under Pressure From Rising U.S. Crude Oil Stocks

Crude oil trading range for the day is 3754-3990.

Crude oil dropped as prices came under pressure from rising U.S. crude oil stocks and weak factory activity in China.

Crude inventories rose 5.7 million barrels in the week to Oct. 25, the U.S. Energy Information Administration said

The American Petroleum Institute had previously reported a decline of 708,000 barrels, raising hopes that official figures would also show a fall.

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