Crude oil prices jumped on Wednesday and settled near three-year highs after US government data showed a drop in crude inventories and production, even as fuel inventories rose. US crude inventories fell 4.9 million barrels last week, more than the 3.9-million decline forecast, but bigger-than-expected builds in gasoline and fuel stocks offset that draw down, the Energy Information Administration reported. For More Information About Commodity Market Please Visit : www.paceresearchindia.com and Call : 8817774774Wednesday, 10 January 2018
US Crude Inventory Fall Buoys Oil, Worries About Rally Persist
Crude oil prices jumped on Wednesday and settled near three-year highs after US government data showed a drop in crude inventories and production, even as fuel inventories rose. US crude inventories fell 4.9 million barrels last week, more than the 3.9-million decline forecast, but bigger-than-expected builds in gasoline and fuel stocks offset that draw down, the Energy Information Administration reported. For More Information About Commodity Market Please Visit : www.paceresearchindia.com and Call : 8817774774
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