Crude Oil Dropped After OPEC Reported That Oil Inventories Rose

Crude oil trading range for the day is 3034-3282. Crude oil dropped after OPEC reported that oil inventories rose in February while Saudi Arabia pushed oil production back above 10 million barrels a day.

OPEC’s latest monthly report revealed that Saudi Arabian crude oil production rose to 10.011 million barrels a day, up from 9.748 million in January.
EIA: US shale-oil output to rise 109k bpd to 4.95 million in April.

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