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Crude oil continued its recent slide as traders continue to unwind long positions

Crude oil continued its recent slide as traders continue to unwind long positions

Crude oil trading range for the day is 3167-3241. Crude oil continued its recent slide as traders continue to unwind bullish long positions amid doubts about OPECs productions cuts. The International Energy Agency releases its closely watched monthly oil market report on Wednesday. Data from the industry group the American Petroleum Institute on U.S. crude and product stockpiles is also due out later on Tuesday.

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