Wednesday 31 October 2018

Crude Oil Prices Dipped Weighed Down By Ongoing Weakness In Global Stock

Crude oil trading range for the day is 4745-5037.

Crude oil prices dipped weighed down by ongoing weakness in global stock markets and by signs of rising global supply despite looming sanctions on Iran's crude exports.

High oil prices hurting consumers, could have adverse implications for producers:

IEA Birol Crude output from Russia, the United States and Saudi Arabia, reached 33 million barrels per day for the first time in September.

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