Crude oil prices moved higher on Thursday as inventories on the previous day showed some decline at Cushing. Oil stocks at the Cushing, Oklahoma storage hub, the delivery point for U.S. crude futures fell 1.33 million barrels to 28.48 million barrels. Libyan protesters have blocked a pipeline carrying oil condensates from the southwestern al-Wafa oilfield to the Mellitah export port. We expect Crude Oil prices to move higher for the day as tensions in Libya and technical buying can spurt some upside in Crude oil Prices.
Try once at www.zoidresearch.com or contact us @ 9039073611.
0 comments: