Crude Oil Trading Range For The Day Is 4000-4120

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Crude Oil trading range for the day is 4000-4120.

 

Crude Oil dropped as fears of rising U.S. production persisted amid an uptick in U.S. oil rigs.

 

Saudi Oil exports rose to 7.17mbpd In Jan Vs 7.045m: Jodi U.S. drillers added four oil rigs in the week to March 16, bringing the total count to 800, according to the weekly report.

 

The U.S. is expected to overtake Russia as the top producer by late 2018, with output of more than 11 million bpd.

 

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