Oil Falls: As US crude stocks hit record for seventh regular week

Oil Falls: As US crude stocks hit record for seventh regular week

Hong Kong: Due to US’s rising crude stockpiles which kept supplies at the highest level from over the eight decades, the Oil future fell in Asian trade today, as per officials. Despite the seasonal refinery utilisation hitting an Eleven year high, that seemed increasing and it is while a rise in the dollar index, which is putting further pressure on oil prices. It is notable that the Brent crude futures cut down Twenty- two cents to 39.04 dollar a barrel as of 0136 GMT. It is also experienced that the…

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