Crude oil trading range for the day is 4734-4982. Crude oil prices rose as strike actions in Norway and Iraq hit supplies, but prices ended the second straight week of decline after Libyan ports reopened. Energy minister Alexander Novak said that Russia this month has restored 80 percent of the oil production it cut under a pact with other producers. OPEC and non-OPEC oil producers will act in the event developments in Venezuela and Libya cause an oil market deficit, Russian Energy Minister told.
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