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Monday, 25 July 2016

Free Energy Tips | Crudeoil to trade in 2970-3148

Crude oil fell sharply as persistent concerns related to the supply glut in crude and refined product remained in focus.    

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While U.S. production has been falling, crude in ventories are at a historically high of 519.5 million barrels for this time of year, the EIA said.  

In June, China's exports of refined fuels surg ed 38% to a record-high of 4.2 million tons (1.02 million bpd), the nation's Customs Administration said.   

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