Crude Oil Rose After OPEC Sources Said The Group Could Extend

Crude Oil trading range for the day is 3509-3635. Crude oil rose after OPEC sources said the group could extend its oil supply-reduction pact with non-members and might even apply deeper cuts. 

OPEC and other exporters including Russia agreed last year to cut output by 1.8 million barrels per day to reduce a price-sapping glut. 

Global inventories are bloated and supplies high, especially in the United States.

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