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Crude oil prices fell extending the biggest falls this year as record U.S

Crude oil prices fell extending the biggest falls this year as record U.S

Crudeoil trading range for the day is 3146-3484. Crude oil prices fell extending the biggest falls this year as record U.S. crude inventories kept sentiment weak, pointing to a global glut despite supply cuts. U.S. Crude Oil inventories are showing that Shale Oil production is taking the opportunity of a willing cut in production by OPEC. Government data in the U.S. showed a surprising +8.21 million barrels to 528.4 million barrels, the highest in weekly data going back to 1982.

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