Crude Oil Gains As Investors Continued To Cheer Data Suggesting

Crude oil trading range for the day is 2912-3048.

Crude oil gains as investors continued to cheer data suggesting that rising global demand for crude could offset some of the current excess supply.

Many OPEC countries have restricted production, others including Nigeria and Libya have been allowed to increase output.

U.S. crude stocks rose last week, adding 1.6 million barrels in the week to July 14 to 497.2 million barrels, industry group the API said.

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