Crude Oil increased by 2% to US$70.522 per barrel today, extended falls earlier days, caused by a sharp drop in crude stocks, also news that Iranian crude exports have begun to decline. Stocks of crude oil in the United States fell by 5.296 million barrels in the week ended September 7th 2018, following a 4.302 million drop in the previous week and compared with market expectations of a 0.805 million decrease. While Nymex’s crude oil rose 0.7% to US$69.88 per barrel in Asian trading.
