Crude Oil continued to trade in the red, ahead of today’s - TopicsExpress

Crude Oil continued to trade in the red, ahead of today’s inventory release due shortly. The American Petroleum Institute’s report late on Tuesday showed a slight climb in supplies after traders had expected to see inventory decline. Nymex crude oil prices increased marginally by around 0.1 percent in yesterday’s trade; taking cues from rise in US consumer confidence data which led to expectations of increase in demand for the fuel. Further, recovery in the global markets supported an upside in prices

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