![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjiY-wiNHPr3C04bSORn47xNZipZ0oEsPM_BSgN3viX-OiAafx14iSxBycAYM9uvOnhURZdK32Ext0IDTmbSzeQR-l_W__D6z7RtQu8HQ8agMKKp-8pw1-sFJEaNT-dyUtZEg4aRdKeBvM/s320/crude-oil-trades-up11.jpg)
Crudeoil trading range for the day is 3899-4435.
* Crude oil dropped heavily with surging supply and expectations of faltering demand pressuring crude prices.
* Pressure also seen on reports that U.S. President Donald Trump asked the OPEC not to cut supply to drive up crude oil prices.
* Saudi energy minister Khalid al-Falih announced plans to cut oil output from December and suggested that other members of OPEC and their non-OPEC allies led by Russia.
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