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Crude Oil Latest Buzz for 30 Dec 2016

Crude Oil Latest Buzz for 30 Dec 2016

Crude oil trading range for the day is 3623-3717.Crude oil prices dropped after a surprise increase in U.S. inventories helped stall an upward trend. Crude inventories were up 614,000 barrels in the week to Dec. 23, the EIA data showed, compared with expectations for a decrease of 2.1 million barrel. OPEC member Venezuela said it will cut 95,000 barrels per day of oil production in the New Year.

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