Crude Oil Prices Settled Lower Despite A Massive Draw In U.S. Crude Supplies

Crude oil trading range for the day is 4430-4656.

Crude oil prices settled lower despite a massive draw in U.S. crude supplies as domestic output continued to expand.

U.S. crude stockpiles fell 3.6 million barrels last week, the EIA said, exceeding expectations for a decline of 525,000 barrels.

The American Petroleum Institute said that U.S. oil inventories rose by 1 million barrels last week.

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