Crudeoil trading range for the day is 5807-5903.
Crude oil gains as frigid weather in North America hurt some refinery operations and worries grew over Libyan output and fighting in Iraq.
Production at Libya's El-Sharara oilfield rose to 277,000 bpd on Tuesday, with full output capacity of 340,000 bpd expected by Wednesday.
U.S. commercial crude oil inventories likely fell 900,000 last week, falling for the sixth straight time and extending a near record decline in stockpiles
Data from the American Petroleum Institute released showed a much larger 7.3 million-barrel drop in crude oil stocks
Visit Here
http://www.epicresearch.co
GET FREE TRIAL +91 731 6642300
No comments:
Post a Comment
Note: only a member of this blog may post a comment.