Crudeoil trading range for the day is 4027-4137. Crude oil recovered from lows supported by a record drawdown of U.S. crude stockpiles at the Cushing, Oklahoma delivery hub. U.S. crude oil production stood at 9.75 million barrels per day (bpd) on Jan. 12, data from the Energy Information Administration (EIA) showed. Kuwait oil minister said that OPEC and other producers don't plan for early exit from the global deal to cut output by 1.8 million bpd until late 2018.
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