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Crude oil dropped after the head of the International Energy Agency predicted

Crude oil dropped after the head of the International Energy Agency predicted

Crude oil trading range for the day is 3417-3631. Crude oil dropped after the head of the International Energy Agency predicted a significant boost to U.S. output. Sentiment in oil markets has been torn between expectations of a rebound in U.S. shale production and hopes that oversupply may be curbed The IEA (International Energy Agency) said it expects higher oil prices to trigger a significant boost in U.S. shale output.

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