Crudeoil trading range for the day is 2779-2975.Crude oil prices dropped after data showed U.S. production and rig counts rose last week just as OPEC exports hit a 2017 high. President Vladimir Putin, said he wanted to continue cooperating with other countries to reduce price volatility. OPEC delegates said they were encouraged by Russia's openness to talking about changes to an OPEC-led deal to cut oil supplies.
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