Oil prices rise on Saudi export cuts to Asia, report of falling US stockpiles
BUZ INVESTORS Saudi export cuts The commodity is trading at $46.32 per barrel at 09:40 GMT this morning, 0.19% higher from the New York close. Crude oil witnessed a high of $46.46 per barrel and a low of $46.01 per barrel during the session. In the New York session yesterday, crude oil rose 0.06% to close at $46.23 per barrel, after the API disclosed that US crude oil inventories fell by 5.8 million barrels last week. Gains in crude prices were capped, after the EIA raised its US crude production forecast for 2017 and 2018. Immediate downside, the first support level is seen at $45.68 per barrel, while on the upside, the first resistance level is at $46.80 per barrel.
Saudi export cuts
Crude oil | Data | Chart | Calendar | Forecast | News
Crude Oil increased 0.71 USD/BBL or 1.55% to 46.68 on Wednesday May 10 from 45.88 in the previous trading session. Historically, Crude oil reached an all time high of 145.31 in July of 2008 and a record low of 1.17 in February of 1946
|46.68||46.21||145.31||1.17||1946 – 2017||USD/BBL||Daily|
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