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Crude oil fell more than 3% after a report showed U.S. crude inventories rose

Crude oil fell more than 3% after a report showed U.S. crude inventories rose

Crude oil trading range for the day is 3330-3598. Crude oil fell more than 3% after a report showed U.S. crude inventories rose for a ninth straight week. Crude inventories in the United States, surged last week by 8.2 million barrels, handsomely beating the forecast of a 2 million barrel build. Saudi Energy Minister Khalid al-Falih gave mixed messages on future production cuts by the Organization of the Petroleum Exporting Countries.

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