Crude Oil Trading Ideas
# Crudeoil trading range for the day is 2885-3101.
# Crude oil prices dropped as Tropical Storm Harvey continued to disrupt refinery activity along the U.S. Gulf coast, adding to fears of an uptick in crude oil supplies.
# The U.S. National Hurricane Center (NHC) said that Harvey was moving away from the coast but was expected to linger close to the shore through Tuesday.
# Crude prices have been under pressure in recent weeks as concern over rising U.S. shale output canceled out production cuts by OPEC and non-OPEC members.