Crude Oil Prices Fell Sharply As Investors Looked Ahead To Weekly Data

Crude oil trading range for the day is 3542-3692. Crude oil prices fell sharply as investors looked ahead to weekly data from the U.S. on stockpiles of crude and refined products. 

Crude inventories fell by 884,000 barrels in the week to Feb. 17 to 512.7 million, compared with expectations for an increase of 3.5 million barrels, data from API showed. 

Crude stocks at the Cushing, Oklahoma, delivery hub were down by 1.7 million barrels and U.S. crude imports fell last week by 1.5 mbpd to 7.398 mbpd, according to the API. 

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