Crude Prices Settled Higher As Investors Continued To Weigh Rising U.S.

Crude oil trading range for the day is 3600-3664. Crude prices settled higher as investors continued to weigh rising U.S. crude production against OPEC’s production cut.

Crude oil ended with gains on increasing confidence that OPEC’s supply curbs will outweigh a gain in U.S. stockpiles.

OPEC is pushing for broader implementation of a supply cut deal agreed by the cartel and several large external producers, notably including Russia.

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