Crudeoil trading range for the day is 2423-2757.
Crude oil gained as drawdowns in U.S. crude stockpiles fed hopes that a punishing global oversupply may be approaching a tipping point after nearly two years.
Russia's energy minister expressed hopes that producer nations could agree to an output freeze at a meeting in Doha.
Oil exports from Iraq's southern ports have risen to about 3.49 million bpd in average in April, more than 3.29 million bpd recorded in March.
For more information ✆ – 0731-6642300 or Visit http://www.epicresearch.co
Crude oil gained as drawdowns in U.S. crude stockpiles fed hopes that a punishing global oversupply may be approaching a tipping point after nearly two years.
Russia's energy minister expressed hopes that producer nations could agree to an output freeze at a meeting in Doha.
Oil exports from Iraq's southern ports have risen to about 3.49 million bpd in average in April, more than 3.29 million bpd recorded in March.
For more information ✆ – 0731-6642300 or Visit http://www.epicresearch.co
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