Crude Oil Gained Supported By Strong U.S. Economic Data

Crude oil trading range for the day is 3523-3665. Crude oil gained supported by strong U.S. economic data and optimism that crude producers would abide by an agreement to limit output. Libya's NOC confirmed that pipelines leading from Sharara and El Feel fields had reopened, and hoped to add 2.7 Mbpd production over next three months. Oil markets are expected to remain well-supplied despite the planned OPEC and non-OPEC reductions.

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