Crude Oil Prices Fell Extending The Biggest Falls This Year As Record U.S.

Crude oil trading range for the day is 3146-3484. Crude oil prices fell extending the biggest falls this year as record U.S. crude inventories kept sentiment weak, pointing to a global glut despite supply cuts. 

U.S. Crude Oil inventories are showing that Shale Oil production is taking the opportunity of a willing cut in production by OPEC. 

Government data in the U.S. showed a surprising +8.21 million barrels to 528.4 million barrels, the highest in weekly data going back to 1982. 

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