Crudeoil trading range for the day is 5387-5567.
* Crude oil prices fell after Washington said it may grant waivers to sanctions against Iran's oil exports next month.
* The oil market is balanced in terms of supply and demand, Qatar's Energy Minister Mohammed al-Sada said
* Hedge funds cut their bullish wagers on U.S. crude in the latest week to the lowest level in nearly a year, data showed. -
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