Wednesday 6 November 2019

Crude Oil Trading Range For The Day Is 3942-4122

Crude oil trading range for the day is 3942-4122.

Crude oil dropped amid doubts over whether OPEC and other countries will continue to restrain output

OPEC Secretary-General Mohammad Barkindo said that the oil market outlook for 2020 may have upside potential, appearing to downplay any need for deeper cuts to production.

OPEC released its 2019 World Oil Outlook, in which the producer group said it would supply a diminishing amount of oil in the next five years.

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