Crude Oil Gained As Signs Saudi Arabia And Russia Would Limit Production - Dollar Advisory | Best Commodity Tips Provider

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Friday 6 October 2017

Crude Oil Gained As Signs Saudi Arabia And Russia Would Limit Production

Crude oil trading range for the day is 3218-3388.

Crude oil gained as signs Saudi Arabia and Russia would limit production through next year pushed the U.S. benchmark back above $50 a barrel.

Russian Energy Minister Alexander Novak said that Moscow would support new countries joining the agreement to restrict oil supply.

The EIA said that U.S. crude oil exports jumped to 1.98 million bpd last week, surpassing the 1.5 million bpd record set the previous week.

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