Wednesday, 17 October 2018

Crude Oil Gains On Evidence Of Falling Lranian Exports

Crude oil trading range for the day is 5167-5375.

Crude oil gains on evidence of falling Iranian exports, but gains were limited by fears of another outsize U.S. crude build in weekly storage data.

OPEC Secretary-General Mohammad Barkindo said global spare oil capacity was shrinking, adding that producers and companies should increase their production capacities.

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