Crude Oil Dropped Retreating From High In Advance

Crude oil trading range for the day is 3166-3304.

Crude oil dropped retreating from high in advance of data expected to show a build in U.S. crude inventories as imports resume.

U.S. shale production is set to rise for a tenth month in a row in October, the U.S. government said.

Output across seven shale plays is forecast to rise by nearly 79,000 bpd to 6.1 million bpd, according to U.S. EIA’s monthly report.

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