Crude oil trading range for the day is 3936-4114. Crude oil gained as expectations for growing global crude demand helped to outweigh pressure from concerns over strong U.S. production. Global oil demand is expected to pick up more quickly this year, but supply is still growing at a faster pace leading to a rise in inventories in the first quarter of 2018. Iranian oil minister Bijan Zanganeh said OPEC was unlikely to change before the end of the year a deal among oil producers to reduce output.
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