Crude Oil Updates - Crude Oil steady near 2 Year high as Geopolitics equalize U.S. Supply
Brent crude oil futures were downward 17 cents at USD 63.35 a barrel by 1002 GMT, have gain 14 percent so far this month. U.S. West Texas Intermediate (WTI) crude oil eases 6 cents to USD 56.68. Crude Oil was mainly steady on Monday, attentive between a optimistic push from worry in the center East and downward stress from the proof of rising U.S. production, though record finance bets on a assembly reserved the cost in view of two-year highs. Brent crude futures were down 17 percents at USD 63.35 a barrel by 1002 GMT, having gain 14 percent so far this month. U.S. West Texas Intermediate (WTI) crude eases 6 cents to USD 56.68. Traders & Investors thought crude prices were normally well supported as output cuts led by the association of the Petroleum Exporting nations and Russia have contribute to a important decrease in surplus supplies that have determined markets since 2014. The excess of industrialized country oil stockpile over their 5 year average "