Crude oil prices seem to be holding on a strong note today after it witnessed a decline for the last two days. The commodity has gained strong support from China with its industrial output going up by 7% in the first two months of this year.
However, US weekly inventories showed lower than the estimated rise at 1.2 million barrels. In a statement, IEA said that the global output would exceed 100 million barrels in Q2 2018. But, it would match the demand only in Q3 of the year.