Crude Oil Prices Recovered From Lows Supported

Crude oil trading range for the day is 3106-3176. Crude oil prices recovered from lows supported by a fall in Saudi exports to the United States. 

Saudi Arabia said its crude exports to the United States would fall by around 300,000 barrels per day between February and March.

In US, overseas oil suppliers like Saudi Arabia have to compete against rising shale drilling, which has pushed up U.S. oil production. 

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