Crude oil declines despite US demand hopes

Source: Forexpros
Crude oil price dropped during Asian trade on Tuesday despite inspiring US manufacturing data release. Investors continued to worry about high crude oil inventory level in the US that is expected to rise further. Light, sweet crude oil futures for May delivery traded at 104.17 US Dollars per barrel on the New York Mercantile Exchange, decreasing by 0.28% from the last session's high.


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