CRUDE OIL NEWS UPDATE BY http://www.commodityraja.com/ FOR JOIN:-9557378638,7017766215
Crude oil prices traded lower on Thursday with benchmark NYMEX WTI crude 0.38% down near $68.33 per barrel in morning trade. Crude oil prices witnessed selling after OPEC plus nations stuck to their strategy to gradually increase supply despite rising Covid worries. The OPEC plus agreed on Wednesday to continue a policy of phasing out record production reductions by adding 400,000 bpd each month to the market. The EIA report showed crude oil inventories fell by 7.2 mb last week. We expect crude oil prices to trade sideways to up for the day.
