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Crude Oil Updates for 22 Dec 2016, Must check!

Crude Oil Updates for 22 Dec 2016, Must check!

Crudeoil trading range for the day is 3500-3702.Crude oil dropped as prices declined after data showed a surprise increase in U.S. crude supplies last week. The U.S. EIA said in its weekly report that crude oil inventories rose by 2.3 million barrels in the week ended December 16.Trust between oil producing countries is important if a global deal to curtail output is to succeed, Russian Energy Minister Alexander Novak said.

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