Crude Oil Prices Recovered From Lows As OPEC Showed Increased

Crude oil trading range for the day is 4021-4129.

Crude oil prices recovered from lows as OPEC showed increased determination to curb production

U.S. crude inventories fell by 5.1 million barrels in the week ended Jan. 12 to 411.5 million, according to the American Petroleum Institute.

The market weighed rising U.S. drilling activity against ongoing efforts by major producers to cut output to reduce a global glut.

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