Monday 22 October 2018

Crude Oil Gained On Signs Of Surging Demand In China

Crude oil trading range for the day is 5024-5190.

Crude oil gained on signs of surging demand in China, although prices dropped on weekly basis on swelling U.S. inventories

Saudi Arabia's crude oil exports in Aug rose to 7.210 million barrels per day from 7.120 million bpd in July, official data showed.

U.S. crude stocks last week climbed 6.5 million barrels, the fourth straight weekly build, the U.S. Energy Information Administration said.

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